Constellation Energy (CEG) Price Target Lowered by $15, ‘Overweight’ Rating Maintained

Core Insights - Constellation Energy Corporation (NASDAQ:CEG) experienced a share price decline of 6.06% from January 16 to January 23, 2026, ranking among the energy stocks that lost the most during that week [1] Group 1: Company Overview - Constellation Energy is the largest private-sector power producer and clean energy producer in the United States, as well as the leading operator of nuclear power plants [2] - The company has been recognized as a key player in supporting the AI boom, having signed multiple long-term Power Purchase Agreements (PPAs) with hyperscalers, and achieved a gain of nearly 58%, ranking among the 10 Best Performing Utility Stocks in 2025 [5] Group 2: Analyst Insights - Wells Fargo analyst Shahriar Pourreza reduced the price target for Constellation Energy from $478 to $460 while maintaining an 'Overweight' rating, indicating a potential upside of 59% from the current share price [3] - The firm continues to view Constellation as rich with catalysts, highlighting asset opportunities and multiple deals in the pipeline [3] Group 3: Regulatory Developments - On January 17, the President's National Energy Dominance Council (NEDC) signed an agreement with regional governors to address rising electricity prices due to increased demand from data centers, aiming to cap charges in the PJM capacity market and promote affordable electricity for residential customers [4]