Constellation Energy (CEG, Financials) received a boost from Citigroup, which upgraded the stock to buy and set a price target of $232, suggesting a 56% upside after a steep decline earlier this year.
The stock had lost nearly half its value between Jan. 24 and April 4. Citi analyst Ryan Levine said the current valuation looks compelling, even without depending on new revenue sources or unannounced projects.
Levine pointed to about 1 gigawatt in uprates and 1.2 gigawatts from existing operations that could support co-location demand driven by artificial intelligence. These assets, he said, offer meaningful upside if demand materializes.
Citi also flagged potential growth from new natural gas projects in Texas. In addition, production tax credits are expected to help cushion the company from swings in power prices.
Levine said the $232 target is achievable under current conditions, without assuming new policy changes or unexpected growth. Still, any future AI-related policies or additional partnerships could strengthen Constellation's outlook.
The stock jumped 16% after the rating change, with shares also lifted by President Donald J. Trump's decision to suspend tariffs for 90 days on most global imports. Citi sees the pause as a helpful macroeconomic tailwind.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。