Jefferies Increases Its Price Target on Constellation Energy Corporation (CEG) to $347, Keeps ‘Hold’ Rating

With significant upside potential, Constellation Energy Corporation (NASDAQ:CEG) secures a spot on our list of the 11 Best Nuclear Energy Stocks to Invest in Right Now.

Jefferies Increases Its Price Target on Constellation Energy Corporation (CEG) to $347, Keeps ‘Hold’ Rating

Constellation Energy Corporation (NASDAQ:CEG) stood out among nuclear energy stocks on September 8, 2025, when Jefferies increased its price target from $293 to $347 while keeping a ‘Hold’ rating. The price revision takes into account 13 GW of qualifying capacity as well as updated assumptions for its nuclear portfolio.

Previously, Constellation Energy Corporation (NASDAQ:CEG) reported adjusted operating earnings of $1.91 and GAAP earnings of $2.67 per share in the second quarter, which was $0.23 more than the previous year. Its nuclear fleet reached a 94.8% capacity factor, producing over 41 million MWh, and it confirmed a full-year EPS estimate of $8.90 to $9.60. It also carried out $400 million in accelerated share repurchases. Benefits include an annual cash flow of $200 to $300 million from the Calpine transaction beginning the next year.

With over 31,676 megawatts of generating capacity across nuclear, wind, solar, natural gas, and hydroelectric assets, Constellation Energy Corporation (NASDAQ:CEG) is a major participant in nuclear energy stocks and manufactures and markets energy goods and services in the US. It is one of the Best Utility Stocks.

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 this cheapest AI stock.

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