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Constellation Energy resumed with an Outperform at Evercore ISI

Evercore ISI resumed coverage of Constellation Energy (CEG) with an Outperform rating and $380 price target Following completion of the $26.6B Calpine acquisition on January 7, the firm says the combined platform has approximately 55 GW of capacity across nuclear, natural gas, geothermal, hydro, wind, solar, and battery storage and produces a share of U.S. clean energy that management estimates at approximately 10%.

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