Jefferies Increases Its Price Target on Constellation Energy Corporation (CEG) to $347, Keeps 'Hold' Rating

With significant upside potential, Constellation Energy Corporation (NASDAQ:CEG) secures a spot on our list of the 11 Best Nuclear Energy Stocks to Invest in Right Now.

Constellation Energy Corporation (NASDAQ:CEG) stood out among nuclear energy stocks on September 8, 2025, when Jefferies increased its price target from $293 to $347 while keeping a ‘Hold’ rating. The price revision takes into account 13 GW of qualifying capacity as well as updated assumptions for its nuclear portfolio.

Previously, Constellation Energy Corporation (NASDAQ:CEG) reported adjusted operating earnings of $1.91 and GAAP earnings of $2.67 per share in the second quarter, which was $0.23 more than the previous year. Its nuclear fleet reached a 94.8% capacity factor, producing over 41 million MWh, and it confirmed a full-year EPS estimate of $8.90 to $9.60. It also carried out $400 million in accelerated share repurchases. Benefits include an annual cash flow of $200 to $300 million from the Calpine transaction beginning the next year.

With over 31,676 megawatts of generating capacity across nuclear, wind, solar, natural gas, and hydroelectric assets, Constellation Energy Corporation (NASDAQ:CEG) is a major participant in nuclear energy stocks and manufactures and markets energy goods and services in the US. It is one of the Best Utility Stocks.

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