Constellation Energy's Microsoft Deal Sparks Long-Term Growth: Analysts Raise Price Forecasts Amid Nuclear Revival
Constellation Energy's Microsoft Deal Sparks Long-Term Growth: Analysts Raise Price Forecasts Amid Nuclear Revival
Constellation Energy Corporation (NASDAQ:CEG) shares are trading relatively flat today after jumping more than 22% after the company signed a 20-year power purchase agreement with Microsoft on Friday.
康斯泰雷能源公司（NASDAQ:CEG）股價今天交投相對平穩，此前在公司上週五與微軟簽訂了一項爲期20年的電力購買協議後飆升超過22%。
The deal entails the launch of the Crane Clean Energy Center (CCEC) and the restart of Three Mile Island Unit 1, which was closed five years ago.
此協議涉及開展Crane Clean Energy Center（CCEC）和重新啓動五年前關閉的Three Mile Island Unit 1。
Following the announcement, several analysts raised the price target on the stock.
在公告發布後，幾位分析師提高了該股票的目標價格。
KeyBanc analyst Sophie Karp maintained an Overweight rating and raised the price target from $230 to $265.
KeyBanc分析師Sophie Karp維持超配評級，並將目標價格從230美元提高到265美元。
The analyst writes that the deal allows for reevaluating other parts of CEG's portfolio, and they expect continued positive momentum for the shares.
分析師寫道，該交易允許重新評估CEG投資組合的其他部分，並預計股票將繼續保持正面勢頭。
Nuclear generation has unique scarcity characteristics that are difficult to replicate at scale, positioning CEG to leverage its asset base and expertise as the country's largest nuclear operator, says the analyst.
分析師表示，核發電具有獨特的稀缺特性，難以在規模上進行復制，這使得CEG能夠利用其資產基礎和專業知識，成爲該國最大的核運營商。
Although the company did not disclose the offtake price, Karp estimates that it needs to be around $120/MWh to achieve a projected increase in "base" EPS CAGR from 10% to 13% between 2024 and 2030.
儘管公司沒有透露收購價，卡普估計需要大約每兆瓦時120美元才能在2024年至2030年間實現「基礎」每股收益複合年增長率從10%到13%的預期增長。
The analyst writes that the price is a significant premium over current PJM power curves and exceeds the estimated ~$60/MWh gross receipts from CEG's PJM fleet based on recent capacity pricing.
分析師表示，這個價格顯著高於當前的PJm電力曲線，並超過CEG的PJm機組最近容量定價所產生的估計約60美元/兆瓦時的毛收入。
The analyst updated the estimates based on the second-quarter results, revised power and capacity prices, and operating assumptions.
分析師根據第二季度業績、修訂的電力和產能價格以及運營假設更新了預測。
The impacts of the MSFT deal will be outside the forecast horizon, as the plant is expected to restart in 2028, adds the analyst.
MSFt交易的影響將超出預測週期，預計該工廠將在2028年重啓，分析師補充道。
Apart from this, Evercore ISI maintained an Outperform rating, with an increased price target to $254 from $212.
除此之外，Evercore ISI保持了跑贏市場評級，並將目標股價從212美元上調至254美元。
Maintaining an Overweight rating, Wells Fargo increased the price target to $300 from $250 and Morgan Stanley to $313 from $233.
維持超配評級，富國銀行將目標股價從250美元上調至300美元，摩根士丹利則從233美元上調至313美元。
Investors can gain exposure to the stock via Strive Natural Resources and Security ETF (NYSE:FTWO) and Virtus Reaves Utilities ETF (NYSE:UTES).
投資者可以通過努力自然資源和安防-半導體etf (NYSE:FTWO)以及reaves utilities etf (NYSE:UTES)獲得股票曝光。
Price Action: CEG shares are down 0.12% at $254.69 at the last check Monday.
股價走勢：CEG股價下跌0.12%，最後一次查看時報價爲254.69美元。星期一。
Photo by metamorworks via Shutterstock
照片由metamorworks提供，通過shutterstock分享
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譯文內容由第三人軟體翻譯。