Skip to main content
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Offer Insights on Utilities Companies: NRG Energy (NRG) and Constellation Energy Corporation (CEG)

Tipranks - Thu Mar 26, 6:01AM CDT

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on NRG Energy (NRG) and Constellation Energy Corporation (CEG) with bullish sentiments.

Claim 30% Off TipRanks Premium

NRG Energy (NRG)

Citi analyst Ryan Levine assigned a Buy rating to NRG Energy today and set a price target of $180.00. The company’s shares closed last Tuesday at $151.13.

According to TipRanks.com, Levine is a 4-star analyst with an average return of 7.1% and a 65.8% success rate. Levine covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Pinnacle West Capital, and Mdu Resources Group. ;'>

Currently, the analyst consensus on NRG Energy is a Strong Buy with an average price target of $200.18, a 32.6% upside from current levels. In a report issued on March 18, Wolfe Research also upgraded the stock to Buy with a $190.00 price target.

See today’s best-performing stocks on TipRanks >>

Constellation Energy Corporation (CEG)

Constellation Energy Corporation received a Buy rating and a $385.00 price target from Morgan Stanley analyst David Arcaro today. The company’s shares closed last Tuesday at $294.85.

According to TipRanks.com, Arcaro is a 5-star analyst with an average return of 14.7% and a 68.1% success rate. Arcaro covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Pinnacle West Capital. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Constellation Energy Corporation with a $394.13 average price target, representing a 37.6% upside. In a report issued on March 19, J.P. Morgan also maintained a Buy rating on the stock with a $400.00 price target.

Read More on NRG:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.