Constellation Energy (CEG) – Among the 12 Best Electric Utility Stocks to Buy for the Data Center Surge
Constellation Energy Corporation (NASDAQ:CEG) is included among the 12 Best Electric Utility Stocks to Buy for the Data Center Surge.
Constellation Energy Corporation (NASDAQ:CEG) is the largest provider of clean, low-carbon energy in the United States. The company also operates the largest fleet of nuclear facilities in the country.
On May 4, TD Cowen trimmed its price target on Constellation Energy Corporation (NASDAQ:CEG) from $390 to $381 but kept its ‘Buy’ rating on the shares. The lowered target still indicates an upside of over 22% from the current levels. The analyst expects Constellation to post a “relatively quiet quarter” in its upcoming Q1 report on May 11, with earnings growing modestly compared to last year, due to capacity prices.
Similarly, earlier on April 29, Scotiabank analyst Andrew Weisel also reduced the firm’s price target on Constellation Energy Corporation (NASDAQ:CEG) by $40, but maintained an ‘Outperform’ rating on the shares (read more details here).
Constellation Energy Corporation (NASDAQ:CEG) is targeting adjusted earnings of $11 to $12 per share for FY 2026. The company expects a base earnings per share growth of 20% and above from 2026 to 2029.
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