Constellation Energy

CEG · NASDAQ

$258.84−$4.35 (−1.65%)TodayMarket closed · Oct 20, 7:59 PM ET

Prev close $263.19

CEG analyst rating

BuyConsensus of 16 analysts over the last 12 months. 81% rate it a buy.

Strong buy0
Buy13
Hold3
Underperform0
Sell0

12-month price target · 24 analysts

Average $348.70 (+34.7% upside)

Low: $292.90
Now: $258.84
High: $414.75

Upgrades and downgrades

The latest rating actions, newest first

CEG analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
CIBC	Oct 16, 2026	Initiates	Outperformer	$358.00	—
Bernstein	Oct 6, 2026	Maintains	Outperform	$296.00	43%
Morgan Stanley	Sep 18, 2026	Maintains	Overweight	$364.00 → $369.00	52%
Morgan Stanley	Aug 21, 2026	Maintains	Overweight	$366.00 → $364.00	52%
Argus Research	Aug 11, 2026	Maintains	Buy	$350.00 → $325.00	65%
UBS	Jul 28, 2026	Maintains	Buy	$388.00 → $380.00	57%
Barclays	Jul 28, 2026	Maintains	Overweight	$358.00 → $324.00	52%
TD Cowen	Jul 27, 2026	Maintains	Buy	$381.00 → $368.00	58%
Wells Fargo	Jul 27, 2026	Maintains	Overweight	$384.00 → $362.00	52%
Citigroup	Jul 1, 2026	Maintains	Neutral	$348.00 → $297.00	59%

The case for and against

Updated Nov 21, 2025

Bull case

Constellation Energy Corp is exhibiting strong earnings growth potential, as indicated by the raised earnings per share (EPS) estimates for the years 2027 to 2030, which show a progression from $12.75 to $16.43. This positive forecast is underpinned by factors such as anticipated increases in commodity prices, the roll-off of below-nuclear production tax credit (PTC) prices by mid-2027, and favorable outcomes from the Base Residual Auction (BRA). Additionally, the company's commitment to accelerated decarbonization pricing further reinforces its strong financial trajectory in the evolving energy market.

Bear case

The outlook for Constellation Energy's stock is marred by uncertainty surrounding its VR/AR initiatives, which are expected to prolong cash burn without a clear path to profitability. A downside scenario highlights declining commodity prices, increasing operational and maintenance costs, and slower-than-anticipated progress in decarbonization efforts, all of which exacerbate the financial risk. Additionally, a lack of substantial large load transaction activity, alongside regulatory challenges and hyperscalers retracting from certain projects, has negatively impacted investor sentiment despite previous performance gains.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.