An investment analysis highlights Constellation Energy as a strong buy due to growing power needs for artificial intelligence.
The report points to the company's recent Calpine acquisition as a key expansion that now gives it a 55 GW generation platform across the US. It also cites a nuclear agreement with Meta and support from Microsoft for restarting the Crane project as major growth drivers expected to add nearly $2 billion in annual revenue potential. The analyst sets a price target of $424 based on projected 2028 earnings of $14.20 per share and a 30x forward earnings multiple. Power constraints are described as the main bottleneck for AI expansion, positioning the company to benefit from infrastructure needs in the sector.
