Argus Raised Constellation Energy Corporation (CEG)'s Price Target

Constellation Energy Corporation (NASDAQ:CEG) is among the 11 Best Green Stocks to Buy According to Hedge Funds. John Eade, an Argus analyst, maintained his Buy rating on Constellation Energy Corporation (NASDAQ:CEG) and increased his price target from $350 to $375 on August 12. The change comes after the business’s Q2 adjusted results, which showed a 14% year-over-year growth. Eade noted the firm’s potential for expansion, especially its anticipated later-this-year acquisition of Calpine, a gas generation company.

Constellation Energy Corporation (NASDAQ:CEG) has shown solid operational momentum, as evidenced by its most recent quarterly results, which highlight double-digit growth. The business’s ability to improve profitability in a competitive energy landscape can be seen by the 14% year-over-year jump in adjusted Q2 performance. The company is positioned for diverse expansion as a result of the impending acquisition of Calpine. It marks a strategic shift to integrate gas generation assets and strengthen its portfolio. The jump in Argus’s target price from $350 to $375 shows the company’s faith in Constellation Energy Corporation (NASDAQ:CEG)’s financial future and its capacity to use acquisitions to generate long-term value.

While we acknowledge the potential of CEG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025.

Disclosure. None.