15 Best Power Generation Stocks To Buy For Data Center Demand

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6. Constellation Energy Corporation (NASDAQ:CEG)

On May 1, 2026, Morgan Stanley raised its price target on Constellation Energy Corporation (NASDAQ:CEG) to $361 from $360 previously and maintained an Overweight rating on the shares.

Meanwhile, TD Cowen lowered its price target on Constellation Energy Corporation (NASDAQ:CEG) to $381 from $390 while keeping a Buy rating. The firm said it expects a “relatively quiet quarter,” with earnings modestly higher year over year due to capacity pricing.

Scotiabank analyst Andrew Weisel also lowered the price target on Constellation Energy Corporation (NASDAQ:CEG) to $441 from $481 and maintained an Outperform rating. Despite the lower target, the firm said it expects solid Q1 results and remains bullish on the stock.

Earlier, Raymond James analyst J.R. Weston lowered the firm’s price target on Constellation Energy Corporation (NASDAQ:CEG) to $392 from $406 and kept an Outperform rating. The analyst said Q1 results across the independent power producer group are expected to be mixed, though Constellation is projected to report results broadly in line with expectations despite some uncertainty tied to Calpine.

Constellation Energy Corporation (NASDAQ:CEG) produces and sells electricity, natural gas, and energy-related products and services in the United States.

While we acknowledge the potential of CEG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CEG and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Power Generation Stocks To Buy For Data Center Demand.

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