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Wells Fargo Maintains Overweight Rating on Constellation Energy Corp. (CEG)

Constellation Energy Corp. (NASDAQ:CEG) is included among the 12 Best Nuclear Energy Stocks to Buy Now

On January 20, 2026, Wells Fargo analyst Shahriar Pourreza lowered the firm’s price target on Constellation Energy Corp. (NASDAQ:CEG) to $460 from $478 while still maintaining an Overweight rating. The firm continues to highlight the stock as its Best IPP Idea, pointing to a pipeline of asset opportunities and multiple data-center related deals still in motion.

On January 9, 2026, TD Cowen initiated coverage with a Buy rating and a $440 price target, well above where the shares were trading at the time. Analyst Eli Mingos singled out the Calpine integration as a “compelling opportunity for contracting,” arguing that it could reshape how Constellation locks in long-term power agreements.

TD Cowen expects contracting activity to remain active through 2026, with deals signed above the forward curve. The firm also sees gas power purchase agreements as “intriguing upside potential” layered on top of Constellation’s nuclear fleet.

That setup was formalized on January 7, 2026, when Constellation completed its acquisition of Calpine Corporation, combining its nuclear assets with Calpine’s natural gas and geothermal portfolio. “This isn’t just about two great companies coming together—it’s about strengthening America’s future,” said Joe Dominguez, president and CEO of Constellation.

Constellation Energy Corp. (NASDAQ:CEG) operates the largest clean energy fleet in the U.S., with roughly 55 gigawatts of generating capacity across nuclear, natural gas, geothermal, hydro, wind, and solar.

While we acknowledge the potential of CEG as an investment, 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 a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 12 Best Nuclear Energy Stocks to Buy Now and 12 Best HVAC Stocks to Buy Now

Disclosure: None.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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