Energy Stocks: Cameco $97.74, Constellation $282.50, EQT…

Updated 15 August 2026 Closes on 14 August 2026: Cameco (CCJ) $97.74 (−0.01%) · Constellation (CEG) $282.50 (+1.39%) · EQT $54.42 (+0.63%) · Vistra (VST) $148.13 (+1.18%). Source: stockanalysis.com. Verdict: the three electricity names all rose on Thursday while the miner was flat — a one-day reversal of the twelve-month pattern, not a break in it. Over twelve months the spread between best and worst in this group is still 56 points. Treat these four as four separate bets, not one energy trade. Energy has been the best-performing corner of the market this month, and almost every explanation of why is wrong. The sector ETFs rallied - XLE gained 7.6% and XOP 8.1% over 30 days against the S&P's 3.1%, per stockanalysis.com - but the four large names underneath tell four completely different stories. Cameco (CCJ) closed at $97.74, Constellation (CEG) at $282.50, EQT at $54.42 and Vistra (VST) at $148.13 on 14 August 2026. Over the twelve months to 12 August those same four returned +26%, −18%, +5% and −30%. Same sector, same AI-power narrative, and a 56-point spread between best and worst. That dispersion is the actual finding, and it kills the laziest trade in the market right now. "Buy energy because AI needs electricity" has been repeated so often it sounds like analysis, but it produced a 26% gain in one name and a 30% loss in another over the identical period. The thesis was right about demand and useless about selection. What separated the winners from the losers was not exposure to AI power - all four have it - but whether the company sells a commodity whose price rose, or sells electricity into markets where prices did not. The four at a glance TickerClose, 14 AugDay12-month (to 12 Aug)What it actually sellsThe one thing to watchCCJ — Cameco$97.74−0.01%+26%Uranium, plus 49% of WestinghouseAverage realised contract price, not spotCEG — Constellation$282.50+1.39%−18%Nuclear electricity under contractThe next hyperscaler PPAEQT$54.42+0.63%+5%Natural gas at scaleGas price and the production rampVST — Vistra$148.13+1.18%−30%Merchant powerSpark spreads and the Cogentrix closeClosing prices are for 14 August 2026 per stockanalysis.com. Twelve-month returns are FinanceFeeds calculations from daily closes through 12 August 2026 and have not been restated for the two sessions since.