Constellation Energy's shares fell 3.00% as it hit a 20-day low, reflecting ongoing market pressures.
The decline follows a significant 9.7% drop earlier this week, driven by concerns over a new pricing plan that may impact future earnings. This plan allows tech companies to bid for long-term contracts, potentially increasing competition and limiting profit margins for Constellation. Despite the recent acquisition of Calpine, which positions the company as the largest electricity producer in the U.S., the market remains cautious due to high valuations and uncertain profit outlooks.
Investors are advised to monitor the situation closely, as the new pricing dynamics could reshape the competitive landscape in the energy sector, impacting Constellation's market share and profitability.
Wall Street analysts forecast CEG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CEG is 412.82 USD with a low forecast of 350.00 USD and a high forecast of 520.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
Wall Street analysts forecast CEG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CEG is 412.82 USD with a low forecast of 350.00 USD and a high forecast of 520.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Buy
3 Hold
0 Sell
Moderate Buy
Current: 285.270
Low
350.00
Averages
412.82
High
520.00
Current: 285.270
Low
350.00
Averages
412.82
High
520.00
Wells Fargo
Shahriar Pourreza
Overweight
downgrade
$478 -> $460
2026-01-20
Reason
Wells Fargo
Shahriar Pourreza
Price Target
$478 -> $460
AI Analysis
2026-01-20
downgrade
Overweight
Reason
Wells Fargo analyst Shahriar Pourreza lowered the firm's price target on Constellation Energy to $460 from $478 and keeps an Overweight rating on the shares. The firm notes the stock remains its Best IPP Idea as it believes Constellation remains catalyst rich with both asset opportunities and multiple DC deals in flight.
Jefferies
Julien Dumoulin-Smith
maintain
2026-01-16
Reason
Jefferies
Julien Dumoulin-Smith
Price Target
2026-01-16
maintain
Reason
After Bloomberg reported Thursday evening that President Trump and several Northeast Governors have a "statement of principles" for PJM Interconnection to run a backstop emergency auction to address electricity affordability and reliability, Jefferies analyst Julien Dumoulin-Smith called GE Vernova (GEV) the "clearest winner" and also calls the news a positive for NRG Energy (NRG), PPL Corp. (PPL), NextEra Energy (NEE), Primoris (PRIM), Quanta Services (PWR) and Williams (WMB). Conversely, the firm sees "net risk" to incumbent power players Constellation Energy (CEG), Talen Energy (TLN), Vistra (VST) and Complete Production (CPX) on new supply and sees increasing market intervention disfavoring contracting existing facilities.
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TD Cowen
Buy
initiated
$440
2026-01-09
Reason
TD Cowen
Price Target
$440
2026-01-09
initiated
Buy
Reason
As previously reported, TD Cowen initiated coverage of Constellation Energy with a Buy rating and $440 price target. The firm cautions that regulatory risk remains elevated, but believes the Calpine integration provides "a compelling opportunity" for contracting and deals will continue to be signed through 2026 above forward curve prices. Gas PPA deals offer "intriguing upside potential" on top of Constellation's existing nuclear fleet, the analyst added.
TD Cowen
Shelby Tucker
Buy
initiated
$440
2026-01-08
Reason
TD Cowen
Shelby Tucker
Price Target
$440
2026-01-08
initiated
Buy
Reason
TD Cowen analyst Shelby Tucker initiated coverage of Constellation Energy with a Buy rating and $440 price target.
About CEG
Constellation Energy Corporation is a producer of emissions-free energy and an energy supplier to businesses, homes and public sector customers nationwide. The Company’s nuclear, hydro, wind, and solar generation facilities have the generating capacity to power the equivalent of 16 million homes, providing about 10% of the nation's clean energy in the United States. Its segments include Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. Through its integrated business operations, it sells electricity, natural gas, and other energy-related products and sustainable solutions to various types of customers, including distribution utilities, municipalities, cooperatives, and commercial, industrial, public sector, and residential customers in markets across multiple geographic regions. Its nuclear fleet has a generating capacity of approximately 22 gigawatts (GWs). It operates approximately 10 GWs of natural gas, oil, hydroelectric, wind, and solar generation assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
