Scotiabank Cuts Constellation Energy (CEG) Price Target, Expects Strong Q1 Report

Constellation Energy Corporation (NASDAQ:CEG) is included among the 10 Best Electrical Infrastructure Stocks to Buy According to Hedge Funds.

Scotiabank Cuts Constellation Energy (CEG) Price Target, Expects Strong Q1 Report

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 April 29, Scotiabank analyst Andrew Weisel reduced the firm’s price target on Constellation Energy Corporation (NASDAQ:CEG) from $481 to $441, while maintaining an ‘Outperform’ rating on the shares. The lowered target, which still indicates an upside of over 42% from the current price levels, comes as the analyst firm expects CEG to post strong Q1 results and remains bullish on the stock.

Similarly, Evercore ISI also resumed coverage of Constellation Energy Corporation (NASDAQ:CEG) with an ‘Outperform’ rating earlier on April 24 (read more details here).

Constellation Energy Corporation (NASDAQ:CEG) declared a quarterly dividend of $0.4625 per share on April 28 and also grew its share repurchase plan to $5 billion last month. The company is targeting adjusted earnings of $11-$12 per share for FY 2026, in addition to guiding a base earnings CAGR of 20% during 2026-29.

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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