Constellation Energy (CEG): Analyst Target Cut, Major Award, and Landmark Acquisition

Group 1 - Constellation Energy Corporation (NASDAQ:CEG) is recognized as one of the top hydrogen stocks to invest in currently, with a recent price target adjustment by JPMorgan from $422 to $410 while maintaining an Overweight rating after Q3 results [1] - The company received the "Energy Deal of the Year" award at the 2025 Platts Global Energy Awards for its 20-year power purchase agreement with Microsoft, which facilitated the restart of the Crane Clean Energy Center, generating 835 megawatts of carbon-free nuclear energy [2][3] - The agreement with Microsoft will ensure that the full output matches the electricity consumption of its data centers in the PJM Interconnection market, supporting grid capacity and reliability, and is projected to create over 3,000 jobs and contribute more than $16 billion to Pennsylvania's GDP [3] Group 2 - Constellation Energy has reached a settlement with the US Department of Justice, allowing it to proceed with the acquisition of Calpine Corporation, which will result in the largest power generation fleet in the US [4] - The company is actively investing in clean energy technologies, including projects that integrate hydrogen into its power generation and distribution systems [5]