Barclays analyst Nicholas Campanella maintains $Constellation Energy (CEG.US)$ with a buy rating, and adjusts the target price from $280 to $282.
According to TipRanks data, the analyst has a success rate of 69.2% and a total average return of 10.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Constellation Energy (CEG.US)$'s main analysts recently are as follows:
The sector is seen to be aligning with an inevitably higher load outlook as part of a preview for the power and utilities group.
The initiation of coverage on Constellation Energy (CEG) came with a positive outlook on the independent power producers sector, despite the strong performance in stock prices thus far this year. There are structural tailwinds anticipated, such as manufacturing onshoring, the broader trend towards electrification, and the growth of data centers, which are expected to drive a significant shift in power demand. The supply in competitive markets is not expected to keep pace with this demand, potentially allowing companies to sustain high margins for an extended duration. Among the companies, Vistra (VST) is viewed as having a particularly compelling risk/reward proposition.
Note:
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