Constellation Energy (CEG) Hits All-Time High Amid Analyst Upgrade

Constellation Energy Corporation (NASDAQ:CEG) is included among the 12 Best Nuclear Power Dividend Stocks to Buy Now.

Constellation Energy Corporation (NASDAQ:CEG) is the largest producer of carbon-free energy in the US, with over 32.400 MW of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. The utility is the largest producer of nuclear energy in the US by a wide margin, over three times more than its closest competitor.

Constellation Energy Corporation (NASDAQ:CEG) hit a fresh high this week after Seaport Research analyst Angie Storozynski upgraded the stock to ‘Buy’ from ‘Neutral’ while assigning it a price target of $407, up 4.7% from its current all-time high.

The analyst expects Constellation’s blockbuster merger with Calpine to close within the next month and prefers to be long into its post-merger earnings, since cash flows of thermal IPPs are growing due to higher power and capacity prices, lower interest rates, and no cash taxes. Therefore, the analyst expects more datacenter power deal announcements, additional M&A activity, as well as positive earnings revisions for thermal independent power producers before the end of 2025.

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