Constellation Energy Corporation (CEG) Gets a Buy from Wells Fargo
Wells Fargo analyst Shahriar Pourreza maintained a Buy rating on Constellation Energy Corporation on February 13 and set a price target of $460.00. The company’s shares closed last Friday at $288.43.
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According to TipRanks, Pourreza is a 5-star analyst with an average return of 9.1% and a 69.15% success rate. Pourreza covers the Utilities sector, focusing on stocks such as Talen Energy Corp, NRG Energy, and Vistra Corp.
In addition to Wells Fargo, Constellation Energy Corporation also received a Buy from Barclays’s Nicholas Campanella in a report issued on February 10. However, on February 4, TipRanks – xAI 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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