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Editor’s Note: What if you could claim a stake in a technology set to become 100X bigger than Bitcoin… starting with just $2? Click here to see the details from investing legend and Washington D.C. insider Jeff Brown – the man who picked Bitcoin, Tesla, and Nvidia before they exploded higher. Or read more below.
Dear Reader,
If you missed out on Bitcoin… this could be even bigger.
It might sound crazy…
But according to the man overseeing $13 trillion – BlackRock CEO Larry Fink…
A new technology could be 100 times bigger than Bitcoin.
(Yet he believes it’s still “like where the internet was in 1996.”)
In 2015, I pointed my readers to Bitcoin when it was trading for just $240.
Some had the chance to see gains as high as 52,000%.
Enough to turn every $100 into $52,100.
So if the world’s largest money manager is right…
And I believe he is…
This could be the greatest investing opportunity of the century.
We have so much to look forward to,
Jeff Brown
Founder & CEO, Brownstone Research
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Not many stocks can drop 41% from an all-time high while simultaneously becoming fundamentally stronger businesses. Constellation Energy is one of them.
CEG hit $412.70 at its 52-week peak. As of July 8, it’s trading near $244. That’s a drawdown that looks alarming in isolation. But the underlying business has undergone a transformation that the stock price hasn’t fully processed yet, and early August earnings are the first real opportunity for the market to reassess.
The Calpine Deal Changes Everything
On January 7, 2026, Constellation completed its acquisition of Calpine Corporation in a cash and stock transaction totaling $21.835 billion, including roughly 50 million newly issued shares. The deal added approximately 23 gigawatts of generating capacity and generated about $11.107 billion of goodwill.
The result: Constellation is now the world’s largest private-sector power producer, operating a roughly 55-gigawatt fleet that supplies approximately 10% of U.S. clean energy and can power the equivalent of 27 million homes.
That fleet includes nuclear, wind, solar, natural gas, and hydroelectric assets. The Calpine acquisition specifically expanded the portfolio with about 23 GW of predominantly natural gas (plus geothermal, storage, and solar assets) capacity, plus a competitive retail platform. This is not a pure-play nuclear story anymore. It’s a diversified clean power platform with institutional-grade scale, signed hyperscaler contracts, and a specific strategy around data center demand.
The Q1 Numbers Tell the Story
Constellation reported Q1 2026 results on May 11. Revenue came in at $11.122 billion, up 64% from $6.788 billion in Q1 2025. Net income attributable to common shareholders hit $1.590 billion versus $118 million a year earlier. Diluted EPS was $4.49, up from $0.38. Operating income rose to $2.332 billion.
Nuclear operations were a quiet standout: Constellation generated about 40 million MWh of nuclear generation at a 92.3% capacity factor (for its operated plants, excluding Salem and South Texas Project output). The company has a 20-year nuclear power purchase agreement with Meta for 1,121 megawatts beginning in June 2027 as part of its long-term contract base.
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