Microsoft (MSFT) Demand Prompts Three Mile Island Revival - Bloomberg
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September 24, 2024 5:50 AM EDT
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
September 23, 2024 12:15 PM EDT
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
September 23, 2024 6:09 AM EDT
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
September 23, 2024 5:24 AM EDT
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
September 23, 2024 5:14 AM EDT
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
September 20, 2024 9:28 AM EDT
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
September 20, 2024 9:06 AM EDT
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
