Constellation Energy Lands Over $1 Billion In GSA Contracts To Power Federal Agencies; Stock Gains
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 02 2025
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Source: Benzinga
Contract Acquisition: Constellation Energy Corporation has secured over $1 billion in contracts from the U.S. General Services Administration, including a historic 10-year contract worth $840 million to supply power and enhance energy efficiency for federal agencies.
Energy Efficiency Initiatives: The company will implement energy-saving measures at five GSA-owned facilities, with construction starting this month and lasting 42 months, while also committing to provide significant clean energy capacity enhancements by 2028.
Analyst Views on FTWO
Wall Street analysts forecast FTWO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FTWO is USD with a low forecast of USD and a high forecast of 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.
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Current: 44.900
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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.
