Constellation Energy Corporation (NASDAQ:CEG) is one of the 10 Best Pick and Shovel AI Stocks to Invest In.
On July 1, 2026, Citi lowered its price target on Constellation Energy Corporation (NASDAQ:CEG) to $297 from $348 previously and kept a Neutral rating on the shares
Citi updated its model after the PJM meeting. On June 26, Constellation filed license renewal applications with the Nuclear Regulatory Commission to extend operations of the Ginna Clean Energy Center and Nine Mile Point Unit 1 reactors in upstate New York to 2049. The company said the decision reflects New York State’s renewal of its Zero Emissions Credit program.
CEO Joe Dominguez cited the company’s “safe, reliable, zero-emission power,” noting that Constellation’s four upstate nuclear units provide nearly half of New York’s clean power. Constellation said renewal of the ZEC program is projected to deliver $50B in ratepayer savings by 2050, contribute $38B to New York’s economy, secure 14,000 local jobs, and preserve $10B in tax revenue for the state. On June 24, Morgan Stanley raised its price target on Constellation Energy to $364 from $359 and kept an Overweight rating.