Morgan Stanley Maintains Overweight Rating on Constellation Energy (CEG)

Constellation Energy Corporation (NASDAQ:CEG) is one of the 7 Best Geothermal Stocks to Buy Now.

On April 21, 2026, Morgan Stanley lowered its price target on Constellation Energy Corporation (NASDAQ:CEG) to $360 from $385 and maintained an Overweight rating as part of a broader update across regulated and diversified utilities and independent power producers in North America. The firm noted that utilities outperformed the S&P in March.

Also on April 21, 2026, Evercore ISI resumed coverage of Constellation Energy Corporation (NASDAQ:CEG) with an Outperform rating and a $380 price target. The firm said that following the completion of Constellation’s $26.6B acquisition of Calpine on January 7, the combined company now has about 55 GW of capacity across nuclear, natural gas, geothermal, hydro, wind, solar, and battery storage, representing what management estimates is roughly 10% of U.S. clean energy production.

Morgan Stanley Maintains Overweight Rating on Constellation Energy (CEG)

Photo from X-Energy website

Toward the end of March, Constellation issued 2026 adjusted EPS guidance of $11 to $12, below analyst estimates of $12.11. The company also projected base EPS growth of more than 20% from 2026 through 2029, reiterated its long-term target of more than 10% rolling three-year base EPS growth, and increased its share repurchase authorization to $5B.

Constellation Energy Corporation (NASDAQ:CEG) produces and sells energy products and services in the United States.

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