BMO Capital Markets raises PT on Constellation Energy post power deal with Meta

ReutersJun 5, 2025 1:48 PM

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BMO Capital Markets raises PT on utility company Constellation Energy CEG.O to $350 from $337, maintains rating of "outperform"

New PT represents 16.8% upside to stock's last close

Brokerage raises PT after CEG on Tuesday signed power agreement with Meta Platforms to keep one of co's reactors in Illinois, Clinton Nuclear facility, operating for 20 years

"We believe the announcement should be viewed positively for not only CEG but also for the whole independent power sector," BMO says

12 of 17 brokerages rate stock "buy" or higher, 5 "hold"; median PT is $337 - data compiled by LSEG

Including session's moves, stock up 34.7% YTD

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