Constellation Energy Corporation

(NASDAQ Global Select)
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Bullish +75

Barclays raises target for Constellation Energy stock to USD 345.00

Analyst upgrade AI-generated analysis

πŸ“ˆ Barclays raised its price target for Constellation Energy to USD 345.00 from USD 324.00 on October 26, 2026.

πŸ“Š The company reported second-quarter adjusted operating earnings of USD 2.55 per share and GAAP earnings of USD 1.42 per share.

πŸš€ Management raised full-year fiscal 2026 guidance for adjusted operating earnings to USD 11.50–12.50 per share.

🀝 Constellation Energy announced an agreement with Google to add 890 megawatts of new nuclear capacity to the PJM grid.

πŸ’° The company completed the sale of the Brazos Valley Energy Center to LS Power on October 14, 2026.

πŸ“œ Constellation signed approximately 920 megawatts of long-term nuclear deals during the second quarter.

⚑ The utility operates a portfolio with 55 gigawatts of generating capacity across multiple energy sources.

πŸ“… Third-quarter 2026 earnings are scheduled for release on November 9, 2026, before market open.

πŸ’Ά The stock traded at EUR 227.18 on October 27, 2026, ahead of the analyst target increase.

Bullish Signals
  • Barclays raised its price target for Constellation Energy to USD 345.00 from USD 324.00, signaling strong institutional confidence in the company's valuation and prospects.
  • The company beat expectations by raising its full-year fiscal 2026 adjusted operating earnings guidance to USD 11.50–12.50 per share, up from the previous range of USD 11.00–12.00.
  • Constellation Energy reported robust second-quarter performance with adjusted operating earnings of USD 2.55 per share and GAAP earnings of USD 1.42 per share.
  • The utility successfully expanded its nuclear portfolio by signing approximately 920 megawatts of long-term deals during the quarter.
  • A major strategic partnership with Google to deliver 890 megawatts of new nuclear capacity to the PJM grid was announced, securing a significant long-term revenue stream.
Full Analysis
Barclays raised its price target for Constellation Energy to USD 345.00 on October 26, 2026, increasing it from a previous level of USD 324.00. This analyst action positions the firm above the consensus average of USD 339.16 among 25 analysts covering the utility giant, providing a clear bullish reference point ahead of the company's upcoming earnings report. Constellation Energy recently reported second-quarter adjusted operating earnings of USD 2.55 per share and GAAP earnings of USD 1.42 per share. Management has raised its full-year fiscal 2026 guidance for adjusted operating earnings to a range of USD 11.50 to USD 12.50 per share, an increase from the prior forecast of USD 11.00 to USD 12.00. The company is executing significant strategic moves in its nuclear portfolio, including a recent agreement with Google to bring 890 megawatts of new capacity to the PJM grid and the completed sale of the Brazos Valley Energy Center to LS Power. Additionally, Constellation signed approximately 920 megawatts of long-term nuclear deals during the quarter. Constellation Energy maintains a diverse portfolio with 55 gigawatts of generating capacity across nuclear, natural gas, hydroelectric, wind, and solar sources. The stock was trading at EUR 227.18 on October 27, 2026, ahead of its scheduled third-quarter earnings release on November 9, 2026.