Constellation Energy (CEG) stock rose 7% this week, driven by a bullish analyst rating from Barclays and increased contracted power capacity due to AI-driven data center demand. The company secured new agreements to power a Texas data center, expanding its role as an independent power producer. Valuation models suggest CEG is modestly undervalued, with a target price implying 20% upside, largely based on earnings leverage from nuclear facilities and rising electricity consumption.
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Constellation Energy Surged 7% This Week. Here’s How High Shares Could Go
Constellation Energy (CEG) stock rose 7% this week, driven by a bullish analyst rating from Barclays and increased contracted power capacity due to AI-driven data center demand. The company secured new agreements to power a Texas data center, expanding its role as an independent power producer. Valuation models suggest CEG is modestly undervalued, with a target price implying 20% upside, largely based on earnings leverage from nuclear facilities and rising electricity consumption.