Constellation Energy Corporation (NASDAQ:CEG) is a leading energy supplier specializing in reliable, emissions-free energy for businesses, homes, and public sector customers.
The company operates one of the largest fleets of nuclear power plants in the US and has signed high-profile power agreements directly with tech giants, including Microsoft
Constellation Energy Corporation (NASDAQ:CEG) ranks among our Best Data Center Stocks That Are Cheaper Than the S&P 500. The share price of Constellation Energy has gained more than 10% over the past 5 days after a period of prolonged volatility. The gains are mostly driven by strong momentum carried forward from the company’s fiscal Q1 2026 earnings released last month, and also the increasing demand for nuclear energy for AI data centers.
Recently, on June 11, Shahriar Pourreza from Wells Fargo maintained a Buy rating on the stock with a price target of $516. The bullish sentiment is driven by strong Q1 earnings. During the quarter, Constellation Energy delivered adjusted EPS of $2.74, surpassing consensus estimates of $2.61.