Morgan Stanley raises target for Constellation Energy stock to USD 378
Published on 10/26/2026 at 10:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and energy expansion
- Morgan Stanley raised its target from USD 369 to USD 378 on October 21, 2026.
- Constellation announced USD 2.10 million for 64 projects on October 21, 2026.
- Constellation Energy stock trades at EUR 226.98 at 10:33 a.m. CEST at Lang & Schwarz on October 26, 2026, 0.51 percent below the Xetra close of October 23, 2026.
- Third-quarter results are scheduled for November 9, 2026.
Constellation Energy stock (ISIN US21037T1097) is tied to a USD 378 target after Morgan Stanley raised it from USD 369 on October 21, 2026, according to MarketScreener. The stock was trading at EUR 226.98 at Lang & Schwarz on October 26, 2026 at 10:33 a.m. CEST, 0.51 percent below the Xetra close of October 23, 2026 at EUR 228.15.
Target rises as projects expand
The analyst action followed Constellation's nuclear expansion plans and comes as the company builds a pipeline of long-term power contracts. Morgan Stanley's new target of USD 378 is USD 9 above its former USD 369 target, a 2.44 percent increase.
Constellation also announced USD 2.10 million in grants for 64 environmental projects on October 21, 2026. The company said the program has awarded USD 4.20 million to more than 100 nonprofit projects since 2024, according to Constellation Energy.
What does the expansion mean?
The commercial strategy is centered on measurable capacity additions. On October 6, 2026, Constellation and Google announced a 20-year agreement covering 890 megawatts of new nuclear capacity at 11 units, alongside a 15-year agreement for 2,700 megawatts from the existing PJM fleet, according to Constellation Energy. The first uprate is expected in 2028.
Three dates show the strategy
On September 30, 2026, Constellation announced a 20-year Amazon agreement adding 190 megawatts at Calvert Cliffs, as listed on the company's website. On October 6, 2026, the Google agreement added 890 megawatts of planned nuclear capacity. On October 21, 2026, the company announced the USD 2.10 million environmental program.
Next report comes November 9
Constellation's next reporting date is November 9, 2026, when it is scheduled to release third-quarter results, according to MarketScreener. That report will give investors a new operating checkpoint after the recent contract announcements.
Stock stays below its Xetra close
The analyst target and the long-term contracts point to separate parts of the investment case, while the latest quote remains below the prior Xetra benchmark.
Constellation Energy stock was trading at EUR 226.98 at Lang & Schwarz on October 26, 2026 at 10:33 a.m. CEST, 0.51 percent below the Xetra close of October 23, 2026 at EUR 228.15. The further course of trading is shown by the continuously updated real-time quote of Constellation Energy stock.
Constellation Energy stock facts
- Company: Constellation Energy Corporation
- ISIN: US21037T1097
- Ticker: CEG
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 26, 2026, 10:33 a.m. CEST): EUR 226.98
- Change versus Xetra close: minus 0.51 percent
- Xetra close (October 23, 2026): EUR 228.15
- Market capitalization: USD 89.8 billion (as of October 23, 2026)
- 52-week range: USD 228.63-406.04 (as of October 23, 2026)
- Sector / Industry: Utilities / Independent Power Producers
- Next earnings date: November 9, 2026
Market context: Market report S&P 500.
