Constellation Energy Corporation (CEG) has generated significant buzz with its power contract with Microsoft, leading to a stock upgrade by UBS which speaks to the increased demand for clean energy. Despite increase, they still fall behind the market. Constellation Energy's investment in clean energy has attracted investors. The company is planning to restart Three Mile Island with Microsoft's support amid the Biden administration’s push for emissions-free power. Jim Cramer emphasised the company's intentions to power Microsoft by restarting Three Mile Island. There are positive trends observed in the company's underlying return on capital. Notably, the company is largely favoured by institutional investors who hold 82% of the shares. They have made significant Q2 results, led the charge in clean energy, and are also trending as an AI stock amidst the latest analyst ratings. An increase of the price target to $307 by UBS, cites the Microsoft deal and the strong demand for clean power as the reasons. CEG is preparing to launch Crane Clean Energy Center, offering restored jobs and Carbon-Free Power to the grid and is also seeking $1.6 Billion federal loan guarantee to restart the Three Mile Island Nuclear Plant for use in AI-Powered Data Centers.
Constellation Energy Corporation CEG News Analytics from Mon, 25 Mar 2024 07:00:00 GMT to Sat, 12 Oct 2024 19:29:35 GMT -
Rating 7
- Innovation 8
- Information 8
- Rumor -3
