Calpine Acquisition Strengthens Constellation Energy Corporation (CEG) as a High-Growth Utility Stock
Key takeaways
- On April 24, Evercore ISI resumed coverage of Constellation Energy (NASDAQ:CEG) following the completion of a $26.6 billion acquisition of Calpine Corporation early in the year.
- The research firm maintains an Outperform rating and has set a $380 price target.
- In addition, the Calpine acquisition enhances Constellation Energy’s ability to serve over 2.5 million retail accounts, including Fortune 100 entities.
Calpine Acquisition Strengthens Constellation Energy Corporation (CEG) as a High-Growth Utility Stock Neha Gupta Sun, May 10, 2026 at 4:27 AM GMT+7 2 min read CEG Constellation Energy Corporation (NASDAQ:CEG) is one of the high-growth utility stocks to buy according to analysts. On April 24, Evercore ISI resumed coverage of Constellation Energy (NASDAQ:CEG) following the completion of a $26.6 billion acquisition of Calpine Corporation early in the year.
The research firm maintains an Outperform rating and has set a $380 price target. The positive stance underscores confidence in the company’s long-term prospects, as the acquisition is poised to enhance energy capacity across nuclear, natural gas, geothermal, hydro, wind, solar, and battery storage to about 55 gigawatts.
In addition, the Calpine acquisition enhances Constellation Energy’s ability to serve over 2.5 million retail accounts, including Fortune 100 entities. Evercore ISI also expects the company to be well-positioned to produce 10% of US clean energy amid strong demand during the artificial intelligence revolution.