Constellation Energy PT raised at Wells Fargo & Morgan Stanley on TMI restart

Constellation Energy (CEG) PT Raised to $263 at BofA Securities

September 24, 2024 5:50 AM EDT

BofA Securities analyst Paul Zimbardo raised the price target on Constellation Energy (NASDAQ: CEG) to $263.00 (from $208.00) while maintaining a Neutral rating.

The analyst comments "We reiterate our Neutral rating on Constellation Energy Corp (CEG). On 9/20, CEG announced that will restart Unit 1 of the... More

Constellation Energy (CEG) PT Raised to $280 at Barclays, 'strong catalyst to support the thematic of nuclear contracting for AI'

September 23, 2024 12:15 PM EDT

Barclays analyst Nicholas Campanella raised the price target on Constellation Energy (NASDAQ: CEG) to $280.00 (from $211.00) while maintaining a Overweight rating.

The analyst comments "Reviewing what TMI is worth; PT raised to $280 & maintain Overweight: We review CEG's thesis post the historic announcement of TMI Unit 1 Restart with a deeper diver into deal economics, investment... More

Constellation Energy (CEG) PT Raised to $255 at Mizuho

September 23, 2024 6:40 AM EDT

(Updated - September 23, 2024 6:42 AM EDT)

Mizuho analyst Paul Fremont raised the price target on Constellation Energy (NASDAQ: CEG) to $255.00 (from $189.00) while maintaining a Neutral rating.

The analyst commented: "Last Friday, CEG announced a plan to restart Unit 1 of the TMI... More

Constellation Energy (CEG) PT Raised to $300 at Wells Fargo

September 23, 2024 5:24 AM EDT

Wells Fargo analyst Neil Kalton raised the price target on Constellation Energy (NASDAQ: CEG) to $300.00 (from $250.00) while maintaining a Overweight rating.

The analyst comments "Our Thoughts. First, the PPA demonstrates MSFT's strong commitment to decarbonization; a willingness to pay a premium price for... More

Constellation Energy (CEG) PT Raised to $313 at Morgan Stanley

September 23, 2024 5:20 AM EDT

(Updated - September 23, 2024 2:57 PM EDT)

Morgan Stanley analyst Dave Arcaro raised the price target on Constellation Energy (NASDAQ: CEG) to $313.00 (from $233.00) while maintaining a Overweight rating.

The report said, "MS Research Analyst Dave Arcaro highlights that on Friday CEG (OW) announced that it would restart the Crane Clean Energy Center (Formerly Three Mile Island), an 835 MW nuclear plant that... More

Constellation Energy (CEG) PT Raised to $256 at Jefferies

September 23, 2024 5:14 AM EDT

Jefferies analyst Paul Zimbardo raised the price target on Constellation Energy (NASDAQ: CEG) to $256.00 (from $183.00) while maintaining a Hold rating.

The analyst ocmments "CEG announced $1.6Bn nuclear restart supported by MSFT contract and tax credits translates into +$1.71/sh of EPS (+18%) and ~$600Mn... More

Constellation Energy (CEG) PT Raised to $265 at KeyBanc

September 23, 2024 3:23 AM EDT

(Updated - September 23, 2024 7:47 AM EDT)

KeyBanc analyst Sophie Karp raised the price target on Constellation Energy (NASDAQ: CEG) to $265.00 (from $230.00) while maintaining a Overweight rating.

The analyst commented, "Friday's announcement of the planned restart of a Three Mile Island reactor... More

US nuclear regulator has not gotten application for Three Mile Island restart

September 20, 2024 2:01 PM EDT

By Timothy Gardner and Laila Kearney

WASHINGTON (Reuters) - The U.S. Nuclear Regulatory Commission (NRC) said on Friday it has not yet gotten an application from Constellation Energy on restarting the Three Mile Island nuclear reactor.

Constellation and Microsoft have signed a data center deal to help resurrect a reactor by 2028 at Three Mile Island in Pennsylvania. It has been shut since 2019.

"At this point... More