In the energy sector, Constellation Energy Corporation (CEG) has been drawing significant interest from investors as it continues to rise above its 20-day moving average. The company's growth is heavily influenced by production tax credits. Analysts from Raymond James initiated coverage on CEG and the company's acquisition of Calpine has received clearance from the regulator in New York. Furthermore, Constellation has signed a 20-year deal with Meta for clean, reliable nuclear energy supply in Illinois, and also expanded its home charging installation network in collaboration with Treehouse. The company's stock has been outpacing other entities within the oils-energy sector this year. Speculations are indicating that CEG might be one of the top renewable energy stocks to purchase in 2025 and it has shown an 11.7% increase since its last earnings report. Constellation's deal with Calpine has been cleared by Texas regulatory review while UBS raised CEG's price target to $360 following the Meta deal. However, there were some concerns raised by Jefferies over uncertainty in power demand due to DeepSeek AI fears.
Constellation Energy Corporation CEG News Analytics from Tue, 17 Dec 2024 08:00:00 GMT to Fri, 20 Jun 2025 18:59:57 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor -2
