Microsoft (MSFT) Demand Prompts Three Mile Island Revival - Bloomberg

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Constellation Energy (CEG) PT Raised to $263 at BofA Securities

September 24, 2024 5:50 AM UTC

BofA Securities analyst Paul Zimbardo raised the price target on Constellation Energy (NASDAQ: CEG) to $263.00 (from $208.00) while maintaining a Neutral rating.

The analyst comments "We reiterate our Neutral rating on Constellation Energy Corp (CEG). On 9/20, CEG announced that will restart Unit 1 of the... More

Constellation Energy (CEG) PT Raised to $280 at Barclays, 'strong catalyst to support the thematic of nuclear contracting for AI'

September 23, 2024 12:15 PM UTC

Barclays analyst Nicholas Campanella raised the price target on Constellation Energy (NASDAQ: CEG) to $280.00 (from $211.00) while maintaining a Overweight rating.

The analyst comments "Reviewing what TMI is worth; PT raised to $280 & maintain Overweight: We review CEG's thesis post the historic announcement of TMI Unit 1 Restart with a deeper diver into deal economics, investment... More

DA Davidson Downgrades Microsoft (MSFT) to Neutral, 'AI Lead Diminished'

September 23, 2024 6:09 AM UTC

DA Davidson analyst Gil Luria downgraded Microsoft (NASDAQ: MSFT) from Buy to Neutral with a price target of $475.00.

The analyst comments "We believe competition has largely caught up with Microsoft on the AI front, which reduces the justification for the current premium... More

Constellation Energy (CEG) PT Raised to $300 at Wells Fargo

September 23, 2024 5:24 AM UTC

Wells Fargo analyst Neil Kalton raised the price target on Constellation Energy (NASDAQ: CEG) to $300.00 (from $250.00) while maintaining a Overweight rating.

The analyst comments "Our Thoughts. First, the PPA demonstrates MSFT's strong commitment to decarbonization; a willingness to pay a premium price for... More

Constellation Energy (CEG) PT Raised to $256 at Jefferies

September 23, 2024 5:14 AM UTC

Jefferies analyst Paul Zimbardo raised the price target on Constellation Energy (NASDAQ: CEG) to $256.00 (from $183.00) while maintaining a Hold rating.

The analyst ocmments "CEG announced $1.6Bn nuclear restart supported by MSFT contract and tax credits translates into +$1.71/sh of EPS (+18%) and ~$600Mn... More

Barclays Reiterates Overweight Rating on Constellation Energy (CEG)

September 20, 2024 9:28 AM UTC

Barclays analyst Nicholas Campanella reiterated an Overweight rating and $211.00 price target on Constellation Energy (NASDAQ: CEG)

The analyst comments "Historic 20YR PPA announced w/MSFT for TMI clear positive: This morning, CEG announced a 835MW 20YR PPA with Microsoft to restart Three Mile Island Unit 1, which will be named the Crane Clean Energy Center. CEG sees the deal... More

Constellation surges on deal with Microsoft to restart Three Mile Island nuclear plant

September 20, 2024 9:06 AM UTC

Shares of Constellation Energy Group, Inc. (NASDAQ: CEG) surged over 11% in premarket trading on Friday following the announcement of a landmark power purchase agreement with Microsoft (NASDAQ: MSFT).

The deal, Constellation's largest-ever power purchase agreement, will support the relaunch of Three Mile Island Unit 1, which was shuttered in 2019 for... More