Evercore ISI analyst Durgesh Chopra raised the firm’s price target on Constellation Energy (CEG) to $254 from $212 and keeps an Outperform rating on the shares after Constellation signed its “largest-ever” Power Purchase Agreement, or PPA, with Microsoft (MSFT). The deal economics are “very attractive,” says the firm, which values the PPA at $32 per share, or using its projected 2026 share count of 306M at about $10B.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CEG:
- Constellation Energy price target raised to $313 from $233 at Morgan Stanley
- Vistra price target raised to $132 from $110 at Morgan Stanley
- PSEG price target raised to $95 from $83 at Morgan Stanley
- Constellation Energy price target raised to $265 from $230 at KeyBanc
- Constellation Energy price target raised to $300 from $250 at Wells Fargo