Constellation Energy Corporation (CEG) Gets a Buy from Evercore ISI

In a report released today, Durgesh Chopra from Evercore ISI reiterated a Buy rating on Constellation Energy Corporation (CEG – Research Report), with a price target of $254.00. The company’s shares closed yesterday at $225.95.

Chopra covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Dominion Energy, and Nisource. According to TipRanks, Chopra has an average return of 6.7% and a 57.31% success rate on recommended stocks.

Constellation Energy Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $283.80, representing a 25.60% upside. In a report released today, Morgan Stanley also maintained a Buy rating on the stock with a $323.00 price target.

CEG market cap is currently $70.65B and has a P/E ratio of 24.93.

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Constellation Energy Corporation (CEG) Company Description:

Constellation Energy Corp offers energy solutions. It provides clean energy and sustainable solutions to homes, businesses, the public sector, community aggregations, and a range of wholesale customers (such as municipalities, cooperatives, and other strategics). The company offers comprehensive energy solutions and a variety of pricing options for electric, natural gas, and renewable energy products for companies of any size.