5 Best AI Power Grid Stocks to Buy According to Analysts

2. Constellation Energy Corporation (NASDAQ:CEG)

Analyst Upside: 41.41%

Wall Street analysts are weighing in on Constellation Energy Corporation (NASDAQ:CEG).

On June 24, Morgan Stanley increased its price target for Constellation Energy Corporation (NASDAQ:CEG) to $364 from $359. The firm maintained its “Overweight rating” on the stock. This update was part of a broader regular review of North American utilities, a sector that underperformed the S&P 500 index during the month.

On June 18, Goldman Sachs initiated coverage of Constellation Energy Corporation (NASDAQ:CEG) with a Neutral rating and a $305 price target. Analyst Joe Ritchie described the company as a “high-quality” independent power producer. Joe said its shares already trade at a meaningful premium to the peer group, recommending the firm to favor more attractive valuation opportunities elsewhere.

Days later, on June 23, Reuters reported that Walmart signed a long-term deal for Constellation Energy Corporation (NASDAQ:CEG). The agreement is to supply nuclear power from its Dresden Clean Energy Center in Illinois to the retailer’s planned perishable distribution center in Belvidere. Under two 15-year contracts beginning in 2029 and 2030, Walmart will purchase about 176 megawatts of electricity. It includes 30 megawatts from planned plant upgrades.

Constellation Energy Corporation (NASDAQ:CEG) generates, supplies, and markets clean electricity and renewable energy products and solutions. It works under the Mid-Atlantic, Midwest, New York, Electric Reliability Council of Texas, and Other Power Regions segments.