Raymond James analyst J.R. Weston initiated coverage of Constellation Energy (CEG) with an Outperform rating and $326 price target Constellation Energy distinguishes itself as the leading clean energy producer, the top nuclear fleet operator, and the largest holder of a commercial-industrial retail book, solidifying its position as a market leader, the analyst tells investors in a research note. The approved acquisition and integration of private merchant generator Calpine adds a new layer of catalysts, bolstering this low-capex story with significant financial flexibility, particularly through share buybacks, the firm says.
Claim 55% Off TipRanks
Forget margin or options. Here's how the pros trade CEGPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CEG:
- Constellation Energy initiated with an Outperform at Raymond James
- Hold Rating for Constellation Energy Corporation Amid Stable Power Deal Pricing and Revenue Outlook
- Energy Deal Creates Technical Bullish Signal for Meta Platforms Stock (META)
- Constellation Energy Stock (CEG) Eyes Atomic Expansion to Empower AI Boom
- Cardinal Health, Dollar General, Snowflake, Constellation, and CrowdStrike: Trending by Analysts