Constellation Energy Corp shares soared 5.05% in pre-market trading after the company reported stronger-than-expected second-quarter earnings and provided an optimistic full-year outlook.

The company's adjusted earnings per share of $2.55 handily beat the consensus estimate of $2.28, while the full-year adjusted EPS guidance range of $11.50 to $12.50 fully encompassed the FactSet consensus of $11.70, alleviating investor concerns about the revenue miss. The upward revision in guidance and the earnings beat underscored the positive impact of the Calpine acquisition and favorable market conditions.

Additionally, the election of CEO Joe Dominguez as Board Chairman and the divestiture of the Brazos Valley Energy Center may have contributed to the positive sentiment, reinforcing confidence in the company’s strategic direction and growth trajectory.