澳洲幸运5官方开奖结果体彩网

Analysts More Bullish on Constellation Energy Stock After Three Mile Island Deal

Steam rises out of the nuclear plant on Three Mile Island

ANDREW CABALLERO-REYNOLDS / AFP via Getty Images

Key Takeaways

  • Constellation Energy's plan to restart the Three Mile Island Unit 1 nuclear plant to power Microsoft data centers got good reviews from analysts.
  • Barclays called the plan "positive" for the company and others in the sector.
  • KeyBanc raised its price target on the stock and said the deal with Microsoft "suggests attractive economics."

Constellation Energy (CEG) has received positive analysts' reports after the power utility's 澳洲幸运5官方开奖结果体彩网:announcement last Friday it would be restarting Pennsylvania's Three Mile Island Unit 1 nuclear plant to provide electricity for Microsoft's (MSFT) data centers.

Barclays analyst Nicholas Campanella wrote in a note to clients that the move was "somewhat unexpected by the market," and that Barclays sees it "as positive" for the company, as well as for Talen Energy Group (TLN) and Public Service Enterprise Group (PEG). Campanella has an "overweight" rating on Constellation, with a price target of $211.

Constellation's Microsoft Deal 'Suggests Attractive Economics'

KeyBanc analysts said Constellation's deal with Microsoft "suggests attractive economics" and they expect "positive momentum to continue." The called it "an important catalyst in demonstrating the value of nuclear generation" in the age of 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI). KeyBanc has an "overweight" rating on the stock as well, and it also raised the price target to $265 from $230.

The♛ news on Friday sent Constellation Enerꦦgy shares skyrocketing 22% to an all-time high. Although they are little changed in early afternoon trading Monday, they have gained about 120% year-to-date.

CEG

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  1. Barclays.  “TMI Unit 1 Restart Announced.ℱ 20YR PPA w/MSFT - Positive.”

  2. Key Banc.  “CEG: MSFT Deal Suggests A🌳ttractive Economics; Expect Positive Momentum to🤪 Continue; Raising PT to $265.”

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