InvestMoat

Head to head

NextEra vs Constellation

NextEra has the wider moat. So why does Constellation win?

The short answer

Constellation wins, 84 to 74, on growth and valuation.

NextEra wins on moat, but Constellation's lead on growth counts for more.

NextEra full analysisConstellation full analysisSwap in another name

NEE · Energy

NextEra Energy, Inc.

…

HoldFull analysis

CEG · Energy

Constellation Energy Corp.

…

Strong BuyFull analysis

Scores

NEE

CEG

Composite
74
84
(higher)
Moat
82
(higher)
79
Growth
65
80
(higher)
Valuation
74
83
(higher)

Price targets

NEE

CEG

Bear
$62
$200
Base
$100
$395
Bull
$125
$650
Upside to base
—
—

Growth

NEE

CEG

Revenue CAGR, 3–5 yr
6–9%
12-16%

AI-resilient moats · 80%

NEE

CEG

Proprietary Data
Intact
Intact
Regulatory Lock-In
Strong (higher)
Intact
Network Effects
N/A
N/A
Transaction Embedding
Strong
Strong
System of Record
N/A
N/A
Scale Economics
Strong
Strong
Brand & Pricing Power
N/A
N/A

AI-vulnerable moats · 20%

NEE

CEG

Learned Interfaces
N/A
N/A
Business Logic
Weakened
Intact (higher)
Public Data Access
N/A
N/A
Talent Scarcity
Intact
Intact
Bundling
Weakened
Intact (higher)

Shaded cells mark the higher score or stronger moat on each row. Valuation and composite use the live price when it is available, the same as each stock page.

NextEra or Constellation? Common questions

Which is the better stock, NextEra or Constellation?

Constellation wins, 84 to 74, on growth and valuation. NextEra wins on moat, but Constellation's lead on growth counts for more. Our rating: NextEra Hold, Constellation Strong Buy.

Does NextEra or Constellation have the wider moat?

NextEra scores 82 on moat to Constellation's 79. NextEra is rated stronger on regulatory lock-in. Constellation is rated stronger on business logic and bundling.

Which is growing faster, NextEra or Constellation?

Constellation scores 80 on growth to NextEra's 65. We expect NextEra to grow 6–9% a year, Constellation 12–16%.

Is NextEra or Constellation cheaper right now?

Constellation scores 83 on valuation to NextEra's 74. In our base case, Constellation has more upside: +56% vs +17%.

More head-to-heads

Constellation vs VistraVisa vs MastercardNVIDIA vs AMDMicrosoft vs GoogleCostco vs WalmartEli Lilly vs Novo Nordisk

Scores in the answers use the price each valuation was last struck at; the table above updates with the live price. Not investment advice.