$CEG

CIBC analyst Mark Jarvi initiated coverage on Constellation Energy (CEG) with an Outperformer rating, citing strong U.S. power demand. The company's GF Value is $305.29, suggesting 9.9% upside from the current price of $275.00. CEG has a GF Score of 80/100, with strong growth and valuation metrics. Insiders have been net buyers over the past year, purchasing $417,930 worth of shares. Constellation Energy operates as an independent power producer with a focus on carbon-free electricity.

The U.S. is reviving three shuttered nuclear plants with $4.4B in DOE loans, aiming to add 2.25GW of electricity. Palisades (Entergy/Holtec), Duane Arnold (NextEra/Google), and Crane (Constellation/Microsoft) are involved. Big Tech seeks carbon-free energy for data centers. Experts debate safety and cost.

Wall Street analysts issued upgrades, downgrades, and initiations for several companies. Upgrades include Brinker International (EAT) to Strong Buy, Fox Corporation (FOX) to Buy, and JPMorgan Chase (JPM) to Buy. Downgrades include Barrick Mining (B) to Neutral, Equifax (EFX) to Perform, and Workday (WDAY) to Sector Weight. Initiations include Constellation Energy (CEG) with Outperform, Toll Brothers (TOL) with Buy, and Victoria's Secret (VSXY) with Buy.

Amazon and Constellation agreed to a 20-year deal to increase output at the Calvert Cliffs nuclear plant by 190 MW, with Amazon committing to 690 MW. This supports $3B in upgrades and long-term operation, benefiting local jobs and economy.

Reaves Long-Term Value Strategy's Q3 2026 investor letter noted Constellation Energy (CEG) as a positive contributor. The company raised its 2026 EPS guidance, continued share buybacks, and secured 20-year nuclear contracts at premium pricing. CEG closed at $279.54 on October 14, 2026, with a market cap of $99.04B and a ~20.87% YTD pullback.

State Street Utilities Select Sector SPDR ETF (XLU) reported a net outflow of $175.8 million on Tuesday, selling stocks but buying none. XLU decreased all 31 of its positions, with the largest sales being NEE ($21.8 million), SO ($13.6 million), and CEG ($13.0 million). The fund's assets under management stood at $24.13 billion.

Constellation and Vistra are expanding capacity at existing US nuclear plants. Constellation plans to add 1 GW across 11 reactors, backed by a $4.3B investment and a 20-year deal with Google. The DOE awarded Vistra a $4.2B loan for upgrades. Uprates can boost power by up to 20%, but costs are higher than new solar or gas plants. The US nuclear fleet could add 3-8 GW via uprates, but this is a fraction of the 30 GW demand expected from AI by 2030.

Constellation Energy (CEG) sold the 606 MW Brazos Valley Energy Center to LS Power, part of DOJ-mandated divestitures for its 2026 Calpine acquisition. A separate sale of ~4.4 GW PJM gas assets to LS Power is expected to close by end-2026. The company did not disclose the sale price or proceeds use.

Constellation Energy (CEG) is expanding its renewable energy portfolio, including hydro, solar, wind, geothermal, and battery storage, to meet rising clean electricity demand. The company recently announced a 15-year renewable energy agreement with Toyota. CEG's renewable assets and corporate agreements support long-term growth. The Zacks Consensus Estimate for 2026 and 2027 earnings per share indicates an increase of 29.82% and 8.76%, respectively, year over year.

Constellation Energy (CEG) shares rose 12% to $309.80 after a $4.3B 20-year nuclear deal with Alphabet, but later fell 3%. The deal secures long-term cash flow and adds 890MW capacity. Analysts' average price target is $341.53. CEG's revenue grew 44.5% YoY to $18.6B, with EPS up 92.7%. The stock trades at 28x trailing earnings, higher than peers.