Why These Energy Stocks Are Losing This Week

4. Constellation Energy Corporation (NASDAQ:CEG)

Share Price Decline Between Jan. 16 – Jan. 23: 6.06%

Constellation Energy Corporation (NASDAQ:CEG) is the largest private-sector power producer, the largest producer of clean energy, and the leading operator of nuclear power plants in the United States.

On January 20, Wells Fargo analyst Shahriar Pourreza lowered the firm’s price target on Constellation Energy Corporation (NASDAQ:CEG) from $478 to $460, but kept an ‘Overweight’ rating on the shares. The reduced price target still represents an upside potential of 59% from the current share price, with the analyst firm acknowledging that CEG remains its Best IPP Idea. Wells Fargo continues to believe that Constellation remains rich with catalysts, with both asset opportunities and multiple DC deals in the pipeline.

Constellation Energy Corporation (NASDAQ:CEG) also witnessed a setback on January 17 when the President’s National Energy Dominance Council (NEDC) announced that it had signed an agreement with a group of regional governors to address the escalating electricity prices caused by the ballooning demand from data centers. The agreement seeks caps on the amount existing power plants can charge in the PJM capacity market, with an aim to ‘urge PJM to make electricity more affordable for residential customers and strengthen grid reliability by building more than $15 billion of reliable baseload power generation’.

Constellation Energy Corporation (NASDAQ:CEG) emerged as a key player to power the ongoing AI boom last year and signed multiple long-term PPAs with hyperscalers. With gains of almost 58%, CEG was ranked among the 10 Best Performing Utility Stocks in 2025.