Constellation Energy (CEG) Hits All-Time High Amid Analyst Upgrade

Core Insights - Constellation Energy Corporation (NASDAQ:CEG) is recognized as one of the top nuclear power dividend stocks to invest in currently [1] - The company is the largest producer of carbon-free energy in the US, with a generating capacity exceeding 32,400 MW, primarily from nuclear, wind, solar, natural gas, and hydroelectric sources [2] - CEG's stock reached an all-time high following an upgrade from Seaport Research analyst Angie Storozynski, who raised the rating from 'Neutral' to 'Buy' and set a price target of $407, reflecting a 4.7% increase from its current peak [3] Company Developments - The anticipated merger between Constellation Energy and Calpine is expected to finalize within the next month, with expectations of increased cash flows for thermal independent power producers due to rising power and capacity prices, lower interest rates, and the absence of cash taxes [4] - The analyst forecasts a surge in datacenter power deal announcements, further M&A activity, and positive earnings revisions for thermal independent power producers by the end of 2025 [4]