Is Constellation Energy Corporation (CEG) Among the Best AI Power Grid Stocks to Buy According to Analysts?

Constellation Energy Corporation (NASDAQ:CEG) is one of the 10 Best AI Power Grid Stocks to Buy According to Analysts.

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.

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 the cheapest AI stock.

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