10 AI Stocks Dominating the News This Week

8. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Holders: 85

Constellation Energy Corporation (NASDAQ:CEG) is an energy provider specializing in clean, carbon-free energy solutions. On March 28, JPMorgan lowered the firm’s price target on the stock to $311 from $358 and kept an “Overweight” rating on the shares. Even though the general independent power producer sentiment appears “very bearish,” JPMorgan remains constructive on the shares.

While JPMorgan is bullish on Constellation, BVS maintains a “Hold” rating on the stock with an associated price target of $225.00. The analyst said that the rich valuation of its stock suggests limited upside potential. Moreover, even though the company is poised to benefit from increasing electricity demand, particularly from data centers, there are certain headwinds as well. These include the possible removal of power auctions in key markets and uncertainties surrounding policy changes.