Constellation Energy gains as Barclays reinstates coverage with 'overweight'

Shares of utility Constellation Energy CEG.O up 1% at $274.05 premarket

Barclays reinstates coverage on CEG with "overweight" rating, PT is $356

New PT represents a 31.2% upside to the stock's last close

Brokerage says "power is still key to enabling the data center economy"

Sees CEG offering investors thematic exposure to nuclear contracting, despite a softer start to 2026

Brokerage sees CEG upside beyond large-load contracts as an independent power producer

15 of 20 brokerages rate the stock "buy" or higher and five "hold"; median PT is $405- data compiled by LSEG

In 2025, CEG was up ~58%