JPMorgan Maintains Overweight Rating On Constellation Energy Corporation (CEG)

Constellation Energy Corporation (NASDAQ:CEG) is among 10 Best Performing Electrical Infrastructure Stocks in 2025. 

On December 16, 2025, TheFly reported that JPMorgan reduced its price objective for Constellation Energy Corporation (NASDAQ:CEG) from $422 to $410 and maintained its Overweight rating. As per the firm, the modification is a result of revisions made to its financial model following the release of its third-quarter report.

Separately, on December 5, 2025, Reuters reported that Constellation Energy Corporation (NASDAQ:CEG) and the U.S. Department of Justice (DOJ) had achieved a settlement on the requirements needed to finalize the $16.4 billion acquisition of Calpine Corporation. According to Reuters, the Federal Energy Regulatory Commission accepted the purchase, subject to Calpine selling four generating assets in the Mid-Atlantic region.

Constellation Energy Corporation (NASDAQ:CEG) would divest three natural gas-fired power plants under the terms of the agreement with the DOJ: the York 2 facility in Pennsylvania, the Jack Fusco Energy Center near Houston, Texas, and a minority interest in the Gregory Power facility near Corpus Christi. According to the DOJ, these divestitures ease concerns that the transaction may lessen competition and increase power costs in the PJM Interconnection and Electric Reliability of Texas markets.

The Calpine acquisition came to light in January and is one of the largest transactions in the US power industry. Reuters reported that the agreement coincides with increased electrification in buildings and transportation, as well as growing electricity demand associated with AI data centers.

Constellation Energy Corporation (NASDAQ:CEG) is a supplier of energy products and services as well as a manufacturer of carbon-free energy.

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