Analyst Turns Bullish on Constellation Energy Stock
Source: barrons.com
- Analyst upgrades Constellation Energy stock to buy with a $300 price target, seeing strong upside.
- Shares have climbed 50% this year amid AI data center power demand.
- Nuclear power leader positions company for massive growth in energy needs.
Constellation Energy, the biggest U.S. nuclear power producer, gets a bullish rating from analyst Julien Dumoulin-Smith at Bank of America. He highlights the company's prime spot to meet surging electricity demand from AI data centers. Investors care because this could drive the stock much higher as tech giants scramble for reliable power.