Analysts Adjust Constellation Energy Targets to $330–$454 After 20-Year Nuclear Deals
Citigroup cut Constellation Energy's target to $348 from $368 and Mizuho trimmed theirs to $330 from $390 at neutral ratings on Feb. 25. Two days later, TD Cowen raised its target to $454 from $440, citing 2026 contracting acceleration, PJM grid upgrades and 20-year nuclear deals with Microsoft and Meta.
1. Price Target Revisions
On Feb. 25, Citigroup cut its price target for Constellation Energy to $348 from $368 and Mizuho lowered its target to $330 from $390, with both firms maintaining Neutral ratings on the shares.
2. Analyst Rationales
Citigroup and Mizuho cited conservative growth expectations in nuclear contracting, while TD Cowen’s Buy rating and Feb. 27 increase to a $454 target reflected forecasts of accelerating 2026 contract wins and PJM regional grid improvements.
3. Long-Term Nuclear Supply Deals
Constellation Energy secured two 20-year agreements to supply nuclear power to Microsoft and Meta data centers, positioning the company to meet rising demand for clean, baseload electricity in large-scale tech facilities.
4. Strategic Outlook
The mix of long-duration contracts with major technology clients, expected upticks in contracting activity and PJM grid enhancements could support Constellation’s revenue growth and valuation trajectory into 2026.