Electric Utilities: Central

Constellation Energy Corporation vs NextEra Energy Inc.

WatchlistCEG / NEEPrices through Oct 22, 2026

Why these are rivals: #1 and #3 by market value ($163B vs $93B) in Nasdaq's "Electric Utilities: Central" industry; SEC SIC 4911 / 4911 (same major group); #1 and #3 by market value ($163B vs $93B) with SEC SIC 4911 (Electric Services).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Co-movement: daily return correlation, 252 sessions: 0.20 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -1.89 (needs <= -2.873 (5% critical value))
Business leadership

NEE is the larger business

Annual revenue reported to the SEC. Scale, not market share.

YearCEGNEELarger
2025$25.5B$25.8BNEE
2024$23.6B$23.5BCEG
2023$24.9B$24.8BCEG
2022$24.4B$23.0BCEG
2021$19.6B$18.8BCEG
2020$17.6B$17.0BCEG

Revenue lead switched: 2025 to NEE. Market value: CEG $93.3B, NEE $163.1B.

Stock leadership

NEE is ahead now

Measured against the pair's own last 252 trading days.

NEE leads CEG by 0.68 standard deviations: +10.4% over its usual price ratio. 3 lead switches in the last year.

Price change3 mo6 mo12 mo
CEG-7.0%-12.8%-28.9%
NEE-8.8%-14.9%-2.5%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 1195 (needs >= 254)
Fail
Co-movement: daily return correlation, 252 sessions: 0.20 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.89 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 25.44 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

CEG Constellation Energy Corporation NEE NextEra Energy Inc.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100150Oct 2024Oct 2025Oct 2026
Spread z-score: CEG relative to NEE, against the 252 sessions before each day. Above 0: CEG ahead; below 0: NEE ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateCEG indexNEE indexzAhead
2026-10-2294.4797.06-0.68NEE ahead
2026-10-21100.2192.77+0.03near the usual relationship
2026-10-2095.8193.46-0.34near the usual relationship
2026-10-1997.4292.64-0.17near the usual relationship
2026-10-16100.4594.57-0.11near the usual relationship
2026-10-15101.7993.58+0.04near the usual relationship
2026-10-14103.4792.88+0.19near the usual relationship
2026-10-13109.4992.70+0.57CEG ahead
2026-10-12108.7893.04+0.49near the usual relationship
2026-10-09110.3391.70+0.68CEG ahead
2026-10-08105.5291.69+0.38near the usual relationship
2026-10-07110.8991.32+0.72CEG ahead
2026-10-06111.1992.30+0.66CEG ahead
2026-10-0599.0690.40+0.05near the usual relationship
2026-10-0295.3191.05-0.25near the usual relationship
2026-10-0195.8490.48-0.18near the usual relationship
2026-09-3094.0389.76-0.25near the usual relationship
2026-09-2997.9389.94-0.02near the usual relationship
2026-09-2896.4089.46-0.09near the usual relationship
2026-09-2597.4590.16-0.08near the usual relationship
2026-09-2496.8489.62-0.08near the usual relationship
2026-09-2397.6891.28-0.15near the usual relationship
2026-09-2297.5293.93-0.34near the usual relationship
2026-09-2197.0294.37-0.41near the usual relationship
2026-09-1894.2895.37-0.65NEE ahead
2026-09-1797.2896.33-0.53NEE ahead
2026-09-1696.0795.25-0.54NEE ahead
2026-09-1596.2096.08-0.59NEE ahead
2026-09-1497.9396.74-0.53NEE ahead
2026-09-11105.4097.55-0.15near the usual relationship
2026-09-10105.8597.70-0.14near the usual relationship
2026-09-09108.7997.95+0.00near the usual relationship
2026-09-08110.6999.35+0.02near the usual relationship
2026-09-04110.6698.87+0.04near the usual relationship
2026-09-03105.5199.62-0.29near the usual relationship
2026-09-02107.3698.48-0.13near the usual relationship
2026-09-01103.7698.28-0.32near the usual relationship
2026-08-31101.7197.58-0.40near the usual relationship
2026-08-28102.4496.99-0.32near the usual relationship
2026-08-27104.5398.92-0.33near the usual relationship
2026-08-26103.4699.81-0.44near the usual relationship
2026-08-25103.0699.81-0.47near the usual relationship
2026-08-24101.2199.67-0.57NEE ahead
2026-08-21101.0199.13-0.56NEE ahead
2026-08-20101.02100.77-0.66NEE ahead
2026-08-19101.48101.81-0.69NEE ahead
2026-08-1898.77102.18-0.88NEE ahead
2026-08-17102.98102.18-0.64NEE ahead
2026-08-14104.57102.15-0.56NEE ahead
2026-08-13103.14101.93-0.63NEE ahead
2026-08-12103.15101.66-0.62NEE ahead
2026-08-11103.04101.61-0.63NEE ahead
2026-08-10100.10100.38-0.73NEE ahead
2026-08-0799.90100.32-0.75NEE ahead
2026-08-0696.65100.26-0.94NEE ahead
2026-08-0598.13101.81-0.95NEE ahead
2026-08-0498.92103.34-0.99NEE ahead
2026-08-03101.31102.57-0.82NEE ahead
2026-07-3197.26103.01-1.08NEE ahead
2026-07-3097.56104.21-1.14NEE ahead
2026-07-2995.48104.84-1.30NEE ahead
2026-07-2896.17105.81-1.32NEE ahead
2026-07-2799.94105.27-1.09NEE ahead
2026-07-24101.55106.40-1.07NEE ahead
2026-07-23102.01106.41-1.05NEE ahead
2026-07-22101.75105.96-1.05NEE ahead
2026-07-2197.06104.21-1.23NEE ahead
2026-07-2093.83104.29-1.44NEE ahead
2026-07-1793.42105.24-1.53NEE ahead
2026-07-1693.19105.89-1.59NEE ahead
2026-07-1595.54105.59-1.45NEE ahead
2026-07-1494.92106.12-1.53NEE ahead
2026-07-1395.34104.74-1.44NEE ahead
2026-07-1093.05104.24-1.57NEE ahead
2026-07-0992.81103.22-1.54NEE ahead
2026-07-0890.51103.63-1.72NEE ahead
2026-07-0788.73104.85-1.93NEE ahead
2026-07-0691.01103.63-1.73NEE ahead
2026-07-0288.56104.69-1.97NEE ahead
2026-07-0187.54102.36-1.93NEE ahead
2026-06-3091.93104.02-1.75NEE ahead
2026-06-2995.99105.07-1.57NEE ahead
2026-06-2697.73104.95-1.47NEE ahead
2026-06-2599.46103.93-1.32NEE ahead
2026-06-2499.19103.84-1.34NEE ahead
2026-06-23100.04102.43-1.22NEE ahead
2026-06-22101.99102.01-1.09NEE ahead
2026-06-18101.44102.81-1.18NEE ahead
2026-06-1798.89101.60-1.27NEE ahead
2026-06-1699.20102.19-1.30NEE ahead
2026-06-1597.11102.06-1.43NEE ahead
2026-06-1293.93101.91-1.64NEE ahead
2026-06-1191.32100.55-1.75NEE ahead
2026-06-1089.69100.88-1.90NEE ahead
2026-06-0993.15100.53-1.66NEE ahead
2026-06-0892.7999.56-1.64NEE ahead
2026-06-0594.33101.73-1.69NEE ahead
2026-06-0497.94101.54-1.46NEE ahead
2026-06-0398.92100.24-1.32NEE ahead
2026-06-02100.92101.54-1.29NEE ahead
2026-06-0198.3599.15-1.31NEE ahead
2026-05-29106.51103.12-1.06NEE ahead
2026-05-28105.98103.40-1.12NEE ahead
2026-05-27106.86103.88-1.11NEE ahead
2026-05-26111.63103.88-0.84NEE ahead
2026-05-22108.85104.94-1.07NEE ahead
2026-05-21105.80106.29-1.34NEE ahead
2026-05-20104.11104.61-1.35NEE ahead
2026-05-1996.49106.73-1.99NEE ahead
2026-05-1896.98105.52-1.90NEE ahead
2026-05-1598.90110.64-2.11NEE ahead
2026-05-14101.89113.39-2.11NEE ahead
2026-05-13101.75112.41-2.08NEE ahead
2026-05-12108.68112.10-1.64NEE ahead
2026-05-11110.93112.40-1.53NEE ahead
2026-05-08112.39110.33-1.33NEE ahead
2026-05-07115.22110.59-1.19NEE ahead
2026-05-06119.48113.05-1.10NEE ahead
2026-05-05118.60114.10-1.21NEE ahead
2026-05-04118.84113.19-1.15NEE ahead
2026-05-01113.94114.90-1.54NEE ahead
2026-04-30115.86116.00-1.50NEE ahead
2026-04-29109.93111.60-1.60NEE ahead
2026-04-28113.16114.38-1.58NEE ahead
2026-04-27116.66112.38-1.24NEE ahead
2026-04-24116.05112.92-1.31NEE ahead
2026-04-23108.37114.07-1.85NEE ahead
2026-04-22106.29106.66-1.51NEE ahead
2026-04-21102.79107.37-1.79NEE ahead
2026-04-20106.44109.04-1.65NEE ahead
2026-04-17109.64109.01-1.45NEE ahead
2026-04-16110.73108.83-1.36NEE ahead
2026-04-15109.09108.13-1.42NEE ahead
2026-04-14109.79108.21-1.37NEE ahead
2026-04-13107.98109.39-1.56NEE ahead
2026-04-10106.05111.50-1.81NEE ahead
2026-04-09103.73111.97-1.97NEE ahead
2026-04-08105.22111.60-1.83NEE ahead
2026-04-07100.90111.01-2.06NEE ahead
2026-04-06101.85109.90-1.93NEE ahead
2026-04-02100.98110.39-2.02NEE ahead
2026-04-01103.44110.04-1.83NEE ahead
2026-03-31103.36110.07-1.84NEE ahead
2026-03-30110.53109.09-1.33NEE ahead
2026-03-27111.60108.32-1.21NEE ahead
2026-03-26109.26108.04-1.34NEE ahead
2026-03-25112.27108.04-1.16NEE ahead
2026-03-24109.14108.58-1.37NEE ahead
2026-03-23107.25106.93-1.38NEE ahead
2026-03-20104.38106.07-1.51NEE ahead
2026-03-19117.14109.52-0.95NEE ahead
2026-03-18117.42107.80-0.83NEE ahead
2026-03-17113.89109.66-1.13NEE ahead
2026-03-16113.11110.00-1.18NEE ahead
2026-03-13111.70109.95-1.25NEE ahead
2026-03-12111.62108.71-1.17NEE ahead
2026-03-11111.30108.63-1.17NEE ahead
2026-03-10117.37108.49-0.82NEE ahead
2026-03-09119.56109.04-0.73NEE ahead
2026-03-06118.10107.87-0.73NEE ahead
2026-03-05122.92108.00-0.49near the usual relationship
2026-03-04119.50109.74-0.76NEE ahead
2026-03-03120.25109.73-0.72NEE ahead
2026-03-02121.10109.87-0.69NEE ahead
2026-02-27122.11111.13-0.71NEE ahead
2026-02-26119.77109.02-0.71NEE ahead
2026-02-25120.61112.72-0.88NEE ahead
2026-02-24115.72113.39-1.18NEE ahead
2026-02-23108.75111.47-1.47NEE ahead
2026-02-20109.14109.24-1.34NEE ahead
2026-02-19107.96108.60-1.38NEE ahead
2026-02-18108.84108.11-1.31NEE ahead
2026-02-17112.16109.87-1.23NEE ahead
2026-02-13106.76111.16-1.63NEE ahead
2026-02-12102.21108.95-1.80NEE ahead
2026-02-11102.48108.27-1.76NEE ahead
2026-02-10100.36107.64-1.88NEE ahead
2026-02-09100.74106.04-1.78NEE ahead
2026-02-0696.76106.03-2.06NEE ahead
2026-02-0591.45105.72-2.45NEE ahead
2026-02-0492.71106.62-2.45NEE ahead
2026-02-0399.37105.26-1.93NEE ahead
2026-02-02100.27102.31-1.70NEE ahead
2026-01-30103.89104.17-1.60NEE ahead
2026-01-29106.40104.50-1.47NEE ahead
2026-01-28106.58103.78-1.42NEE ahead
2026-01-27106.88103.28-1.38NEE ahead
2026-01-26105.59101.29-1.34NEE ahead
2026-01-23107.00100.51-1.20NEE ahead
2026-01-22106.36100.82-1.28NEE ahead
2026-01-21108.9699.37-1.02NEE ahead
2026-01-20109.3498.97-0.98NEE ahead
2026-01-16113.9099.11-0.71NEE ahead
2026-01-15126.3097.40+0.11near the usual relationship
2026-01-14122.2997.16-0.09near the usual relationship
2026-01-13123.4696.75+0.00near the usual relationship
2026-01-12124.3296.14+0.09near the usual relationship
2026-01-09126.7894.68+0.34near the usual relationship
2026-01-08119.3994.20-0.04near the usual relationship
2026-01-07125.3492.88+0.40near the usual relationship
2026-01-06131.2596.05+0.49near the usual relationship
2026-01-05131.3896.37+0.48near the usual relationship
2026-01-02135.5795.91+0.73CEG ahead
2025-12-31130.7695.14+0.54CEG ahead
2025-12-30132.1995.44+0.60CEG ahead
2025-12-29132.6495.13+0.65CEG ahead
2025-12-26133.4295.30+0.69CEG ahead
2025-12-24134.7295.34+0.75CEG ahead
2025-12-23133.7594.56+0.76CEG ahead
2025-12-22132.4494.86+0.69CEG ahead
2025-12-19131.5594.26+0.69CEG ahead
2025-12-18133.6495.82+0.69CEG ahead
2025-12-17126.2195.15+0.37near the usual relationship
2025-12-16135.3496.37+0.75CEG ahead
2025-12-15132.2096.76+0.58CEG ahead
2025-12-12130.2996.76+0.49near the usual relationship
2025-12-11140.1496.24+1.00CEG ahead
2025-12-10134.0296.31+0.71CEG ahead
2025-12-09132.9494.38+0.80CEG ahead
2025-12-08132.3995.46+0.70CEG ahead
2025-12-05133.1998.52+0.55CEG ahead
2025-12-04136.4598.83+0.69CEG ahead
2025-12-03133.72100.68+0.45near the usual relationship
2025-12-02134.61100.24+0.52CEG ahead
2025-12-01132.90100.32+0.44near the usual relationship
2025-11-28134.87102.26+0.42near the usual relationship
2025-11-26132.92101.37+0.39near the usual relationship
2025-11-25130.14100.53+0.31near the usual relationship
2025-11-24131.0799.82+0.41near the usual relationship
2025-11-21125.1598.93+0.18near the usual relationship
2025-11-20127.9999.91+0.27near the usual relationship
2025-11-19132.3299.87+0.48near the usual relationship
2025-11-18125.61100.31+0.14near the usual relationship
2025-11-17125.36101.62+0.06near the usual relationship
2025-11-14125.3099.41+0.19near the usual relationship
2025-11-13124.2799.54+0.14near the usual relationship
2025-11-12131.04101.79+0.33near the usual relationship
2025-11-11130.17101.64+0.31near the usual relationship
2025-11-10133.60100.46+0.54CEG ahead
2025-11-07132.6699.47+0.56CEG ahead
2025-11-06130.0397.18+0.58CEG ahead
2025-11-05134.4697.35+0.78CEG ahead
2025-11-04134.3096.81+0.81CEG ahead
2025-11-03139.8196.92+1.05CEG ahead
2025-10-31139.5596.47+1.07CEG ahead
2025-10-30141.5896.75+1.15CEG ahead
2025-10-29148.5996.89+1.44CEG ahead
2025-10-28142.4999.04+1.07CEG ahead
2025-10-27144.78101.96+1.00CEG ahead
2025-10-24144.06100.04+1.09CEG ahead
2025-10-23135.4098.66+0.81CEG ahead
2025-10-22129.5898.17+0.59CEG ahead
2025-10-21132.8199.54+0.66CEG ahead
2025-10-20136.96100.46+0.79CEG ahead
2025-10-17143.06100.18+1.07CEG ahead
2025-10-16146.78100.79+1.20CEG ahead
2025-10-15149.52101.67+1.27CEG ahead
2025-10-14144.20100.31+1.14CEG ahead
2025-10-13140.9999.91+1.04CEG ahead
2025-10-10136.4098.78+0.92CEG ahead
2025-10-09141.8599.21+1.13CEG ahead
2025-10-08137.3399.60+0.93CEG ahead
2025-10-07132.5798.61+0.78CEG ahead
2025-10-06134.7797.31+0.97CEG ahead
2025-10-03133.2594.88+1.06CEG ahead
2025-10-02132.3192.65+1.17CEG ahead
2025-10-01129.8993.23+1.03CEG ahead
2025-09-30121.8189.46+0.90CEG ahead
2025-09-29123.7390.32+0.94CEG ahead
2025-09-26122.6289.89+0.92CEG ahead
2025-09-25120.7988.47+0.94CEG ahead
2025-09-24125.5387.50+1.24CEG ahead
2025-09-23124.6185.71+1.32CEG ahead
2025-09-22128.4985.74+1.50CEG ahead
2025-09-19122.4884.24+1.33CEG ahead
2025-09-18119.4583.89+1.21CEG ahead
2025-09-17118.9283.33+1.23CEG ahead
2025-09-16119.5382.76+1.30CEG ahead
2025-09-15122.3184.74+1.29CEG ahead
2025-09-12119.7484.90+1.17CEG ahead
2025-09-11117.7184.52+1.10CEG ahead
2025-09-10118.4584.19+1.16CEG ahead
2025-09-09111.3583.04+0.90CEG ahead
2025-09-08110.6182.69+0.89CEG ahead
2025-09-05111.6384.02+0.86CEG ahead
2025-09-04114.4083.99+1.00CEG ahead
2025-09-03114.1884.89+0.94CEG ahead
2025-09-02113.7186.10+0.85CEG ahead
2025-08-29114.0085.39+0.91CEG ahead
2025-08-28118.2885.43+1.10CEG ahead
2025-08-27116.9587.57+0.93CEG ahead
2025-08-26117.1888.69+0.88CEG ahead
2025-08-25115.0089.26+0.76CEG ahead
2025-08-22114.8190.45+0.70CEG ahead
2025-08-21115.6890.16+0.76CEG ahead
2025-08-20116.3190.28+0.78CEG ahead
2025-08-19117.4290.67+0.81CEG ahead
2025-08-18119.4789.74+0.95CEG ahead
2025-08-15119.2789.37+0.97CEG ahead
2025-08-14120.7585.61+1.24CEG ahead
2025-08-13121.2785.68+1.27CEG ahead
2025-08-12125.3285.16+1.46CEG ahead
2025-08-11122.7085.86+1.33CEG ahead
2025-08-08124.2885.81+1.40CEG ahead
2025-08-07124.5286.02+1.41CEG ahead
2025-08-06125.2883.60+1.58CEG ahead
2025-08-05127.1784.36+1.61CEG ahead
2025-08-04131.3683.59+1.82CEG ahead
2025-08-01126.1483.43+1.66CEG ahead
2025-07-31128.7584.21+1.72CEG ahead
2025-07-30127.8084.13+1.71CEG ahead
2025-07-29122.3485.27+1.45CEG ahead
2025-07-28121.6584.55+1.47CEG ahead
2025-07-25121.1785.15+1.44CEG ahead
2025-07-24119.0785.29+1.36CEG ahead
2025-07-23119.8286.30+1.34CEG ahead
2025-07-22117.6391.89+0.97CEG ahead
2025-07-21117.6690.27+1.07CEG ahead
2025-07-18118.9790.01+1.14CEG ahead
2025-07-17114.0489.10+1.00CEG ahead
2025-07-16114.0888.61+1.03CEG ahead
2025-07-15117.7088.53+1.19CEG ahead
2025-07-14120.6788.93+1.30CEG ahead
2025-07-11119.0288.17+1.28CEG ahead
2025-07-10116.0988.46+1.16CEG ahead
2025-07-09117.3887.28+1.29CEG ahead
2025-07-08115.8085.87+1.31CEG ahead
2025-07-07117.8088.59+1.25CEG ahead
2025-07-03115.4487.56+1.22CEG ahead
2025-07-02113.5086.54+1.21CEG ahead
2025-07-01113.9886.58+1.24CEG ahead
2025-06-30119.4782.27+1.72CEG ahead
2025-06-27118.5184.01+1.60CEG ahead
2025-06-26119.3884.13+1.64CEG ahead
2025-06-25116.6583.36+1.59CEG ahead
2025-06-24118.6984.62+1.62CEG ahead
2025-06-23116.6883.82+1.60CEG ahead
2025-06-20112.8784.77+1.39CEG ahead
2025-06-18113.4384.82+1.42CEG ahead
2025-06-17113.1685.16+1.40CEG ahead
2025-06-16114.0187.44+1.32CEG ahead
2025-06-13109.8988.62+1.08CEG ahead
2025-06-12111.1987.51+1.21CEG ahead
2025-06-11108.1586.51+1.14CEG ahead
2025-06-10107.7286.29+1.14CEG ahead
2025-06-09110.9285.21+1.36CEG ahead
2025-06-06110.6085.52+1.34CEG ahead
2025-06-05107.3084.74+1.24CEG ahead
2025-06-04110.8882.82+1.54CEG ahead
2025-06-03115.8784.08+1.70CEG ahead
2025-06-02116.0283.14+1.79CEG ahead
2025-05-30113.3283.72+1.65CEG ahead
2025-05-29112.2981.76+1.74CEG ahead
2025-05-28114.0379.65+1.98CEG ahead
2025-05-27114.4080.64+1.95CEG ahead
2025-05-23110.1280.30+1.80CEG ahead
2025-05-22107.8979.33+1.77CEG ahead
2025-05-21106.2784.78+1.35CEG ahead
2025-05-20108.2388.18+1.25CEG ahead
2025-05-19108.8387.53+1.33CEG ahead
2025-05-16107.7688.88+1.20CEG ahead
2025-05-15105.2788.35+1.12CEG ahead
2025-05-14106.6685.55+1.37CEG ahead
2025-05-13107.9185.46+1.45CEG ahead
2025-05-12105.6082.59+1.53CEG ahead
2025-05-09100.4583.33+1.22CEG ahead
2025-05-08100.1680.97+1.38CEG ahead
2025-05-0799.2479.83+1.42CEG ahead
2025-05-06101.3578.86+1.62CEG ahead
2025-05-0591.9078.34+1.12CEG ahead
2025-05-0291.5279.51+1.02CEG ahead
2025-05-0189.0678.28+0.97CEG ahead
2025-04-3082.7179.26+0.49near the usual relationship
2025-04-2983.8279.70+0.54CEG ahead
2025-04-2883.2278.44+0.59CEG ahead
2025-04-2582.5478.32+0.56CEG ahead
2025-04-2480.7278.63+0.41near the usual relationship
2025-04-2377.6679.72+0.13near the usual relationship
2025-04-2274.3678.98-0.06near the usual relationship
2025-04-2171.2976.65-0.13near the usual relationship
2025-04-1776.5078.58+0.12near the usual relationship
2025-04-1675.5877.79+0.11near the usual relationship
2025-04-1577.1580.18+0.06near the usual relationship
2025-04-1476.5180.22+0.01near the usual relationship
2025-04-1177.0877.99+0.21near the usual relationship
2025-04-1075.6979.07+0.04near the usual relationship
2025-04-0979.7580.09+0.26near the usual relationship
2025-04-0868.4675.98-0.30near the usual relationship
2025-04-0766.5577.10-0.54NEE ahead
2025-04-0463.2879.30-0.98NEE ahead
2025-04-0370.4285.49-0.81NEE ahead
2025-04-0279.3883.53-0.01near the usual relationship
2025-04-0176.6084.05-0.24near the usual relationship
2025-03-3174.6384.01-0.39near the usual relationship
2025-03-2876.0383.49-0.25near the usual relationship
2025-03-2777.4482.99-0.11near the usual relationship
2025-03-2680.3182.64+0.11near the usual relationship
2025-03-2583.9881.29+0.46near the usual relationship
2025-03-2484.6283.04+0.39near the usual relationship
2025-03-2182.3584.00+0.17near the usual relationship
2025-03-2081.2384.32+0.08near the usual relationship
2025-03-1980.7183.55+0.09near the usual relationship
2025-03-1878.0583.79-0.11near the usual relationship
2025-03-1780.8985.46-0.02near the usual relationship
2025-03-1480.1287.17-0.18near the usual relationship
2025-03-1377.6886.19-0.29near the usual relationship
2025-03-1279.7186.42-0.16near the usual relationship
2025-03-1177.2187.73-0.42near the usual relationship
2025-03-1074.8590.26-0.76NEE ahead
2025-03-0778.6786.31-0.23near the usual relationship
2025-03-0676.8882.97-0.14near the usual relationship
2025-03-0584.8883.53+0.37near the usual relationship
2025-03-0485.7583.97+0.40near the usual relationship
2025-03-0385.9884.88+0.36near the usual relationship
2025-02-2892.7483.16+0.90CEG ahead
2025-02-2792.4482.22+0.95CEG ahead
2025-02-2699.9984.16+1.27CEG ahead
2025-02-2597.8384.47+1.13CEG ahead
2025-02-2499.1083.91+1.25CEG ahead
2025-02-21105.2984.83+1.54CEG ahead
2025-02-20114.5383.12+2.14CEG ahead
2025-02-19119.0681.84+2.48CEG ahead
2025-02-18120.5281.18+2.63CEG ahead
2025-02-14117.4580.66+2.56CEG ahead
2025-02-13115.3081.30+2.44CEG ahead
2025-02-12116.1582.10+2.46CEG ahead
2025-02-11116.0783.35+2.40CEG ahead
2025-02-10119.1382.60+2.65CEG ahead
2025-02-07114.6780.91+2.59CEG ahead
2025-02-06115.4182.09+2.58CEG ahead
2025-02-05116.1682.01+2.66CEG ahead
2025-02-04113.3982.84+2.48CEG ahead
2025-02-03113.3884.20+2.41CEG ahead
2025-01-31111.0484.81+2.26CEG ahead
2025-01-30114.2184.50+2.48CEG ahead
2025-01-29108.0484.01+2.19CEG ahead
2025-01-28103.2083.60+1.96CEG ahead
2025-01-27101.7987.50+1.60CEG ahead
2025-01-24128.6186.31+3.17CEG ahead
2025-01-23128.1582.05+3.54CEG ahead
2025-01-22123.0681.17+3.42CEG ahead
2025-01-21119.8083.97+3.08CEG ahead
2025-01-17117.1083.86+2.97CEG ahead
2025-01-16116.6984.58+2.93CEG ahead
2025-01-15111.3382.12+2.84CEG ahead
2025-01-14106.9380.56+2.73CEG ahead
2025-01-13103.3679.36+2.62CEG ahead
2025-01-10112.9779.85+3.21CEG ahead
2025-01-0890.2683.74+1.43CEG ahead
2025-01-0794.6283.47+1.77CEG ahead
2025-01-0697.8284.43+1.91CEG ahead
2025-01-0393.4385.32+1.56CEG ahead
2025-01-0289.8084.87+1.34CEG ahead
2024-12-3182.8184.96+0.83CEG ahead
2024-12-3083.7785.04+0.90CEG ahead
2024-12-2783.8585.46+0.88CEG ahead
2024-12-2684.6385.77+0.93CEG ahead
2024-12-2485.0686.41+0.92CEG ahead
2024-12-2384.5085.91+0.92CEG ahead
2024-12-2084.0384.94+0.96CEG ahead
2024-12-1983.3582.69+1.08CEG ahead
2024-12-1883.5783.57+1.04CEG ahead
2024-12-1786.7085.65+1.12CEG ahead
2024-12-1688.5886.26+1.20CEG ahead
2024-12-1388.4987.25+1.14CEG ahead
2024-12-1288.4786.77+1.18CEG ahead
2024-12-1187.5887.67+1.06CEG ahead
2024-12-1086.0087.86+0.95CEG ahead
2024-12-0988.7888.53+1.10CEG ahead
2024-12-0693.8889.17+1.38CEG ahead
2024-12-0594.7990.31+1.38CEG ahead
2024-12-0494.0989.76+1.38CEG ahead
2024-12-0391.6290.41+1.19CEG ahead
2024-12-0292.3891.34+1.19CEG ahead
2024-11-2994.9793.23+1.24CEG ahead
2024-11-2793.7993.06+1.19CEG ahead
2024-11-2698.7391.83+1.57CEG ahead
2024-11-2592.1490.83+1.25CEG ahead
2024-11-2292.5090.07+1.33CEG ahead
2024-11-2193.2291.68+1.29CEG ahead
2024-11-2087.1491.11+0.95CEG ahead
2024-11-1986.8391.35+0.92CEG ahead
2024-11-1885.2490.53+0.87CEG ahead
2024-11-1583.0290.48+0.73CEG ahead
2024-11-1483.4289.22+0.85CEG ahead
2024-11-1383.6487.98+0.95CEG ahead
2024-11-1284.6588.01+1.02CEG ahead
2024-11-1187.8389.96+1.11CEG ahead
2024-11-0888.6091.22+1.09CEG ahead
2024-11-0789.4288.43+1.33CEG ahead
2024-11-0686.9888.31+1.19CEG ahead
2024-11-0586.5293.21+0.86CEG ahead
2024-11-0483.6492.88+0.70CEG ahead
2024-11-0195.5491.67+1.54CEG ahead
2024-10-3197.3393.92+1.52CEG ahead
2024-10-3096.9093.73+1.51CEG ahead
2024-10-2998.0994.29+1.56CEG ahead
2024-10-2898.8298.21+1.38CEG ahead
2024-10-2597.8796.50+1.44CEG ahead
2024-10-2497.9098.14+1.36CEG ahead
2024-10-2398.48100.69+1.26CEG ahead
2024-10-2298.4699.19+1.35CEG ahead
2024-10-21101.3299.59+1.51CEG ahead
2024-10-18100.00100.00+1.42CEG ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Nov 4, 2024 (CEG -12.5%, NEE +1.3%); Jan 10, 2025 (CEG +25.2%, NEE -4.6%); Jan 27, 2025 (CEG -20.9%, NEE +1.4%).

Paired trades

The shared paper book and the replay, kept apart

Forward paper record

No paper position on this pair yet.

Historical simulation (a diagnostic, same rules)

No simulated trade through Oct 20, 2026: the pair rarely passed every test while 2 standard deviations apart.

Per $10,000 a leg. A replay on today's companies cannot prove an edge.

The companies

CEG and NEE at a glance

CEG Constellation Energy Corporation

Listing
Nasdaq · SEC CIK 1868275
Industry
Electric Utilities: Central · SIC 4911 Electric Services
Market value
$93.3B
Price history
1,195 daily closes, Jan 19, 2022 to Oct 22, 2026

NEE NextEra Energy Inc.

Listing
NYSE · SEC CIK 753308
Industry
Electric Utilities: Central · SIC 4911 Electric Services
Market value
$163.1B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

Related
All pairs →
PairStatusAhead nowIndustry
NEE / SOWatchlistSO by 2.05 sdElectric Utilities: Central
SO / CEGWatchlistSO by 1.26 sdElectric Utilities: Central

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Paper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.