Morgan Stanley Reaffirms Their Buy Rating on Constellation Energy Corporation (CEG)

Morgan Stanley analyst David Arcaro maintained a Buy rating on Constellation Energy Corporation (CEGResearch Report) today and set a price target of $97.00. The company’s shares opened today at $95.29.

Arcaro covers the Utilities sector, focusing on stocks such as NextEra Energy, Eversource Energy, and Consolidated Edison. According to TipRanks, Arcaro has an average return of -3.4% and a 45.28% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Constellation Energy Corporation with a $98.43 average price target, implying a 3.30% upside from current levels. In a report released on November 9, BMO Capital also reiterated a Buy rating on the stock with a $105.00 price target.

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Based on Constellation Energy Corporation’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $5.47 billion and a GAAP net loss of $111 million. In comparison, last year the company earned a revenue of $4.41 billion and had a net profit of $607 million

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Constellation Energy Corp offers energy solutions. It provides clean energy and sustainable solutions to homes, businesses, the public sector, community aggregations, and a range of wholesale customers (such as municipalities, cooperatives, and other strategics). The company offers comprehensive energy solutions and a variety of pricing options for electric, natural gas, and renewable energy products for companies of any size.

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