Reported 2 days ago
BofA Securities has raised its price target for Constellation Energy Corporation (NASDAQ:CEG) from $318 to $343 and reiterated a 'Buy' rating after the company announced a 20-year Purchased Power Agreement with Meta Platforms. This agreement will enable Constellation to boost its Clinton nuclear site's capacity by 30 megawatts. The firm also acknowledged an optimistic outlook for future datacenter deals as it adjusts its EPS estimates and nuclear multiple.
Source: YAHOO