Gold bars to be exempt from tariffs, White House clarifies
Investing.com - KeyBanc raised its price target on Constellation Energy (NASDAQ:CEG) to $359 from $337 on Friday, while maintaining an Overweight rating on the stock. Currently trading at $336.41, the company, with a market capitalization of $105.4 billion, shows strong momentum with an impressive 81% return over the past year. According to InvestingPro analysis, the stock appears to be fairly valued at current levels.
The adjustment follows Constellation Energy’s second-quarter results, which came in slightly ahead of consensus expectations. The company reiterated both its 2025 and long-term guidance during the earnings report. InvestingPro data shows the company maintains a "GOOD" overall financial health score, with particularly strong ratings in profit and price momentum metrics.
KeyBanc noted that Constellation Energy’s shares dipped slightly by 0.4% compared to the Utilities Index’s 1.0% gain, likely because the company did not announce an anticipated deal. However, the firm expects a deal announcement by year-end, with the company highlighting two potential transactions, one of which is reportedly in late stages.
The investment bank believes Constellation Energy remains well-positioned to capitalize on the expanding data economy and its "intrinsically appreciating generation fleet." This view is supported by recent PJM results and the company’s long-term power purchase agreement with Meta (NASDAQ:META).
Near-term catalysts for the stock include FERC resolution providing regulatory clarity and the closing of the Calpine deal, according to KeyBanc. The firm also expects share buybacks to provide price support while the "scarcity value" of Constellation’s assets continues to drive share appreciation as more deals are announced.
In other recent news, Constellation Energy Group reported its Q2 2025 earnings, highlighting a strong performance. The company achieved GAAP earnings of $2.67 per share and adjusted operating earnings of $1.91 per share, reflecting a $0.23 increase compared to the previous year. Constellation Energy also reaffirmed its full-year operating earnings per share guidance, ranging from $8.90 to $9.60. These developments indicate a continued positive trajectory for the company. The earnings report did not prompt any change in the company’s stock price during the latest trading session. This stability suggests investor confidence in the company’s financial health. No updates regarding mergers or acquisitions were mentioned in the recent news. Additionally, there were no reports of analyst upgrades or downgrades for Constellation Energy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.