Wells Fargo Reaffirms Their Buy Rating on Constellation Energy Corporation (CEG)
Wells Fargo analyst Shahriar Pourreza maintained a Buy rating on Constellation Energy Corporation on February 6 and set a price target of $460.00. The company’s shares closed last Friday at $261.42.
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According to TipRanks, Pourreza is a 5-star analyst with an average return of 9.0% and a 68.24% success rate. Pourreza covers the Utilities sector, focusing on stocks such as Talen Energy Corp, NRG Energy, and PPL.
In addition to Wells Fargo, Constellation Energy Corporation also received a Buy from Bank of America Securities’s Ross Fowler in a report issued on February 5. However, on February 4, TipRanks – OpenAI reiterated a Hold rating on Constellation Energy Corporation (NASDAQ: CEG).
Based on Constellation Energy Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $7.18 billion and a net profit of $930 million. In comparison, last year the company earned a revenue of $6.55 billion and had a net profit of $1.2 billion
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