Analyst Reaffirms Buy Rating on Constellation Energy (CEG) Following Strong Q1

Constellation Energy Corporation (NASDAQ:CEG) is included among the 15 Best Nuclear Power Stocks to Buy According to Wall Street Analysts.

Analyst Reaffirms Buy Rating on Constellation Energy (CEG) Following Strong Q1

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Constellation Energy Corporation (NASDAQ:CEG) is the largest provider of clean, low-carbon energy in the United States. The company also operates the largest fleet of nuclear facilities in the country.

On May 21, the analysts over at Wells Fargo reaffirmed the firm’s ‘Buy’ rating on Constellation Energy Corporation (NASDAQ:CEG) and assigned the stock a price target of $516, reflecting a significant upside of over 71% from the current levels.

The bullish stance comes after Constellation Energy Corporation (NASDAQ:CEG) topped both revenue and profit estimates in its Q1 report earlier on May 11, helped by the rising power demand and contributions from its recently ‌acquired Calpine assets. Moreover, the company reaffirmed its adjusted operating earnings range of $11 to $12 per share for the full-year 2026.

Notably, Constellation Energy Corporation (NASDAQ:CEG) successfully delivered 2 new generation projects to the grid last month. This includes the commissioning of the 105 MW Pastoria Solar Project, the largest-ever renewable energy project contracted by the California DWR. Moreover, its 460 MW Pin Oak Creek natural gas peaking facility in Texas also began commercial operations in late April. The company executives also expressed hope that regulators will issue a decision regarding the restart of its Three Mile Island ​nuclear power plant as early as next month.

While we acknowledge the risk and potential of CEG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CEG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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