Constellation Energy (CEG) PT Raised to $263 at BofA Securities

Constellation Energy (CEG) PT Raised to $280 at Barclays, 'strong catalyst to support the thematic of nuclear contracting for AI'

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

Midday movers: Tesla, Intel, Constellation Energy rise; GM and Nike fall

September 23, 2024 11:34 AM EDT

(Updated - September 23, 2024 11:53 AM EDT)

Investing.com -- US stock futures traded higher Monday, consolidating near record highs ahead of comments from a number of Fed officials as well as key inflation data.

Here are some of the biggest U.S. stock movers today:

Intel (NASDAQ: INTC) stock rose 2% after Bloomberg reported that Apollo Global Management (NYSE:... More

Key takeaways from Constellation-Microsoft nuclear deal

September 23, 2024 11:00 AM EDT

The nuclear deal between Microsoft (NASDAQ: MSFT) and Constellation Energy (NASDAQ: CEG) represents a major advancement in clean energy, particularly for the data center industry.

Under the agreement, Microsoft will purchase power from Constellation Energy's restart of the Three Mile Island Unit 1 nuclear reactor, which was prematurely shut down in 2019. The project, backed by $1.6 billion in investments from 2024 to 2028, aims to bring the reactor back online by 2028.

In a Monday note to clients, Morgan Stanley analysts highlighted five key takeaways with regard to this transaction.... More

Constellation Energy PT raised at Wells Fargo & Morgan Stanley on TMI restart

September 23, 2024 6:44 AM EDT

Both Wells Fargo and Morgan Stanley have raised their price targets for Constellation Energy Group, Inc. (NASDAQ: CEG) following last week's announcement of the restart of the Crane Clean Energy Center, formerly known as Three Mile Island Unit 1.

The move is fueled by a 20-year power purchase agreement (PPA) with Microsoft, reflecting strong demand for clean energy from major tech companies.

Wells Fargo... More

Constellation Energy (CEG) PT Raised to $255 at Mizuho

September 23, 2024 6:40 AM EDT

(Updated - September 23, 2024 6:42 AM EDT)

Mizuho analyst Paul Fremont raised the price target on Constellation Energy (NASDAQ: CEG) to $255.00 (from $189.00) while maintaining a Neutral rating.

The analyst commented: "Last Friday, CEG announced a plan to restart Unit 1 of the TMI... More

Constellation Energy (CEG) PT Raised to $300 at Wells Fargo

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

Constellation Energy (CEG) PT Raised to $313 at Morgan Stanley

September 23, 2024 5:20 AM EDT

(Updated - September 23, 2024 2:57 PM EDT)

Morgan Stanley analyst Dave Arcaro raised the price target on Constellation Energy (NASDAQ: CEG) to $313.00 (from $233.00) while maintaining a Overweight rating.

The report said, "MS Research Analyst Dave Arcaro highlights that on Friday CEG (OW) announced that it would restart the Crane Clean Energy Center (Formerly Three Mile Island), an 835 MW nuclear plant that... More

Constellation Energy (CEG) PT Raised to $256 at Jefferies

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

Constellation Energy (CEG) PT Raised to $265 at KeyBanc

September 23, 2024 3:23 AM EDT

(Updated - September 23, 2024 7:47 AM EDT)

KeyBanc analyst Sophie Karp raised the price target on Constellation Energy (NASDAQ: CEG) to $265.00 (from $230.00) while maintaining a Overweight rating.

The analyst commented, "Friday's announcement of the planned restart of a Three Mile Island reactor... More

US nuclear regulator has not gotten application for Three Mile Island restart

September 20, 2024 2:01 PM EDT

By Timothy Gardner and Laila Kearney

WASHINGTON (Reuters) - The U.S. Nuclear Regulatory Commission (NRC) said on Friday it has not yet gotten an application from Constellation Energy on restarting the Three Mile Island nuclear reactor.

Constellation and Microsoft have signed a data center deal to help resurrect a reactor by 2028 at Three Mile Island in Pennsylvania. It has been shut since 2019.

"At this point... More

US Nuclear Regulator: Have Not Yet Gotten an Application from Constellation Energy (CEG) to Restart Three Mile Island (TMI) Nuclear Reactor

September 20, 2024 1:58 PM EDT

(Updated - September 20, 2024 2:00 PM EDT)

US Nuclear Regulator: Have Not Yet Gotten an Application from Constellation Energy (CEG) to Restart Three Mile Island (TMI) Nuclear Reactor

The U.S. Nuclear Regulatory Commission said on Friday it has not yet gotten an application from Constellation Energy to... More

Constellation Energy Group, Inc. (CEG) call put ratio 2.5 calls to 1 put as share price up 13%

September 20, 2024 11:29 AM EDT

Constellation Energy Group, Inc. (NASDAQ: CEG) 30-day option implied volatility is at 30; compared to its 52-week range of 20 to 75. Call put ratio 2.5 calls to 1 put as share price up 13%.

... More

Barclays Reiterates Overweight Rating on Constellation Energy (CEG)

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

Constellation surges on deal with Microsoft to restart Three Mile Island nuclear plant

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

Energy Fuels (UUUU), Cameco Corp. (CCJ) Other Uranium Stocks Gain

September 20, 2024 7:23 AM EDT

Energy Fuels (NYSE: UUUU), Cameco Corp. (NYSE: CCJ) Other Uranium Stocks Gain

Earlier Constellation Energy Group, Inc. (NASDAQ: CEG) signed a power purchase agreement with Microsoft that will pave the way for restarting its Three Mile Island nuclear power plant.... More

Microsoft deal propels Three Mile Island restart, with key permits still needed

September 20, 2024 7:11 AM EDT

(Refiles to fix typo in 'companies' in paragraph three)

(Reuters) -Constellation Energy and Microsoft have signed a power deal to help resurrect a unit of the Three Mile Island nuclear plant in Pennsylvania in what would be the first-ever restart of its kind, the companies said on Friday.

Key regulatory permits for the plant's new life, however, haven't been filed, regulators say.

Big tech has led to a sudden surge in U.S. electricity demand for data centers needed to expand technologies like artificial intelligence and cloud computing. Nuclear energy, which is nearly carbon-free and broadly... More

Constellation Energy (CEG) to Launch Crane Clean Energy Center

September 20, 2024 7:02 AM EDT

Constellation (Nasdaq: CEG) announced today the signing of a 20-year power purchase agreement with Microsoft that will pave the way for the launch of the Crane Clean Energy Center (CCEC) and restart of Three Mile Island Unit 1, which operated at industry-leading levels... More

Microsoft (MSFT) Demand Prompts Three Mile Island Revival - Bloomberg

September 20, 2024 7:01 AM EDT

Microsoft AI Energy Demand Prompts Three Mile Island Revival - Bloomberg

Agrees To Purchase Energy For Two Decades... More