Morgan Stanley resumed coverage of Constellation Energy (CEG) with an Overweight rating and $385 price target Constellation operates the largest nuclear fleet in the U.S. with about 22 GW of capacity, notes the analyst, who sees “significant upside optionality from multiple cash flow streams” as the company unlocks the full value. The firm considers most of the company’s fleet available for contracting and sees “attractive exposure to multiple upside options,” the analyst added.
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