Wells Fargo Maintains Overweight Rating on Constellation Energy Corp. (CEG)

Group 1 - Constellation Energy Corp. is recognized as one of the 12 Best Nuclear Energy Stocks to Buy Now, with analysts maintaining positive ratings despite slight adjustments in price targets [1][2][8] - Wells Fargo analyst Shahriar Pourreza lowered the price target for Constellation Energy to $460 from $478 while keeping an Overweight rating, emphasizing the company's strong pipeline of asset opportunities [1][8] - TD Cowen initiated coverage with a Buy rating and a price target of $440, highlighting the integration of Calpine as a significant opportunity for long-term power agreements [2][3] Group 2 - The acquisition of Calpine Corporation was completed on January 7, 2026, combining Constellation's nuclear assets with Calpine's natural gas and geothermal portfolio, which is seen as a strategic move for strengthening America's energy future [4][5] - Constellation operates the largest clean energy fleet in the U.S., with approximately 55 gigawatts of generating capacity across various energy sources, including nuclear, natural gas, geothermal, hydro, wind, and solar [5] - TD Cowen anticipates active contracting activity through 2026, with potential upside from gas power purchase agreements layered on top of Constellation's nuclear fleet [3]