Do Wall Street Analysts Like Constellation Energy Stock?

Baltimore-headquartered Constellation Energy Corporation (CEG), spun off from Exelon (EXC) in 2022, is a powerhouse in carbon-free electricity generation. With a market cap of $69.7 billion, it has a growing portfolio of infrastructure and projects, excelling in hydrogen, nuclear, and wind power. Serving two million customers and 75% of Fortune 100 companies, Constellation's diverse portfolio supports data centers and flexible energy grids, making it a cornerstone of the renewable energy industry.

Shares of the renewable energy company have significantly outperformed the broader market over the past 52 weeks. CEG has surged by 176.8% over this time frame, while the broader S&P 500 Index ($SPX) rallied 28.9%. In 2024 alone, CEG stock rose 97.3%, compared to SPX's 11.2% gains on a YTD basis.