TD Cowen Initiates Coverage on Constellation Energy (CEG) With $440 Price Target

Constellation Energy Corporation (NASDAQ:CEG) is one of the AI Stocks Investors Are Watching Closely. On January 9, TD Cowen analyst Eli Mingos initiated coverage on the stock with a $440.00 price target. The firm believes that Constellation’s Calpine integration offers a "compelling opportunity for contracting.”

TD Cowen analyst Eli Mingos believes that deals will continue to be signed through 2026 above forward curve prices. It also noted gas PPA (Power Purchase Agreement) deals are "intriguing upside potential" on top of CEG’s existing nuclear fleet.

Overall, the firm holds a positive outlook for CEG but also cautioned that "regulatory risk remains elevated" for the stock.

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

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.

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