Bullish indicating open at $55-$60, IPO prices at $37
Investing.com - Raymond (NSE:RYMD) James raised its price target on Constellation Energy (NASDAQ:CEG) to $393.00 from $391.00 on Monday, while maintaining an Outperform rating on the stock. Currently trading at $335.77, the company, with a market capitalization of $105 billion, shows strong momentum with a 78% return over the past year. According to InvestingPro analysis, the stock appears to be fairly valued at current levels.
The firm highlighted Constellation Energy’s position as the largest independent power producer in the United States, noting it operates the nation’s largest nuclear fleet and holds the largest commercial-industrial retail book.
Raymond James pointed to Constellation’s involvement in two of the three nuclear data center deals announced to date, adding that the company’s base business shows strong growth potential even without new deals.
The company expects double-digit EPS growth through 2030, driven by its nuclear fleet operations and increasing demand for clean energy, according to the research note.
Raymond James also mentioned the recently approved acquisition of private merchant generator Calpine by both FERC and Texas regulators as a potential catalyst, noting Constellation Energy shares have gained 45% year-to-date and 177% since January 2024.
In other recent news, Constellation Energy reported its second-quarter 2025 earnings, revealing strong financial performance. The company achieved GAAP earnings of $2.67 per share and adjusted operating earnings of $1.91 per share, representing a $0.23 increase from the previous year. Constellation Energy also reaffirmed its full-year operating earnings per share guidance, which remains between $8.90 and $9.60. In response to these results, KeyBanc raised its price target for Constellation Energy from $337 to $359, maintaining an Overweight rating. The company reiterated its 2025 and long-term guidance during the earnings report. These developments highlight the company’s continued commitment to its financial targets and strategic goals.
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