JPMorgan Maintains Overweight Rating On Constellation Energy Corporation (CEG)

Group 1 - Constellation Energy Corporation (NASDAQ:CEG) is recognized as one of the 10 Best Performing Electrical Infrastructure Stocks in 2025 [1] - JPMorgan has reduced its price target for Constellation Energy Corporation from $422 to $410 while maintaining an Overweight rating, reflecting adjustments to its financial model after the third-quarter report [2] - The U.S. Department of Justice and Constellation Energy Corporation reached a settlement regarding the $16.4 billion acquisition of Calpine Corporation, with the Federal Energy Regulatory Commission approving the purchase contingent on Calpine divesting four generating assets [3][4] Group 2 - Under the DOJ agreement, Constellation Energy Corporation will divest three natural gas-fired power plants to alleviate competition concerns in the PJM Interconnection and Electric Reliability of Texas markets [4] - The acquisition of Calpine is one of the largest transactions in the U.S. power industry, coinciding with increased electrification and growing electricity demand driven by AI data centers [5] - Constellation Energy Corporation is involved in supplying energy products and services and manufacturing carbon-free energy [5]