Constellation Energy (CEG) Price Target Raised to $375 After Q2 Beat and Strong Outlook

Constellation Energy Corporation (NASDAQ:CEG) is one of the Trending AI Stocks on Wall Street. On August 11, BMO Capital analyst James Thalacker raised the price target on the stock to $375.00 (from $350.00) while maintaining an Outperform rating.

The rating affirmation follows Constellation’s Q2 earnings beat, where the management also reaffirmed its full-year 2025 adjusted operating earnings range outlook largely in-line with the consensus estimate.

“Higher Sustainable FCFbG Looking Better With CPN Close and OBBBA Tailwinds; CEG reported 2Q25 EPS of $1.91, above both our own/consensus expectations of $1.80/$1.85. Management reaffirmed full-year 2025 adjusted operating earnings range of $8.90-9.60/share ($9.25 midpoint), which is largely consistent with the $9.38 consensus estimate. Management continues to anticipate standalone Constellation adjusted operating earnings growth of 13%+ on base earnings through 2030 (2024 base of $5.50/share)."

Based on the closing of the Calpine transaction in Q4 which was driven by rising electricity demand from AI and electrification; and the benefits to cash flow from the provisions in the OBBBA, the firm sees a “materially higher” free cash flow outlook as well.

Constellation Energy Corporation (NASDAQ:CEG) is an energy provider specializing in clean, carbon-free energy solutions.

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Disclosure: None.