Key Takeaways
- KeyBanc analyst Sophie Karp has reiterated a Buy rating on Constellation Energy Corporation (CEG) with a $286.50 average price target.
- The company’s shares closed yesterday at $242.60.
Company Overview
Constellation Energy Corp offers energy solutions, providing clean energy and sustainable solutions to homes, businesses, the public sector, community aggregations, and a range of wholesale customers.
Analyst Commentary
Sophie Karp, who covers the Utilities sector, has an average return of 4.8% and a 53.96% success rate on recommended stocks. The analyst’s positive outlook on Constellation Energy Corporation is reflected in her Buy rating, which is supported by Bank of America Securities’ similarly optimistic assessment.
Market Sentiment
The Moderate Buy analyst consensus rating for CEG suggests that the majority of analysts are bullish on the stock, with a $286.50 average price target representing an 18.10% upside from current levels.
Technical Analysis
CEG’s market capitalization is currently $69.97B, and its P/E ratio stands at 24.69.
Insights
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