On January 9, TD Cowen analyst Eli Mingos initiated coverage on Constellation Energy Corporation (NASDAQ:CEG) with a price target of $440.00. The firm stated that Constellation's integration of Calpine presents a "compelling opportunity for contracting."
Mingos believes deals will continue to be signed through 2026 above forward curve prices. The analyst also noted that gas Power Purchase Agreement deals offer "intriguing upside potential" in addition to CEG's existing nuclear fleet.
Overall, TD Cowen holds a positive outlook for the stock but cautioned that "regulatory risk remains elevated" for Constellation Energy.
Constellation Energy Corporation is an energy provider specializing in clean, carbon-free energy solutions. The company's stock is among those being watched closely by investors interested in AI-related investments.