BMO cuts target for Constellation Energy stock to USD 350.00

Published on 10/14/2026 at 10:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 adjusted earnings reached USD 2.55, up USD 0.64. Constellation Energy stock costs EUR 263.65 on October 14, 2026, up 0.23 percent from EUR 263.05.

Power contracts extend the runway

BMO cut its target to USD 350.00 from USD 379.00 on October 8, 2026.
Second-quarter adjusted operating earnings reached USD 2.55 per share, up USD 0.64 year over year.
Constellation Energy stock trades at EUR 263.65 at 10:14 a.m. CEST at Lang & Schwarz on October 14, 2026, 0.23 percent above the Xetra close of October 13, 2026.
Market capitalization stood at USD 106.2 billion as of October 13, 2026.

Isometrisches 3D-Diagramm der nuklearen Wertschöpfungskette von Bergbau bis Stadtversorgung — Constellation Energy isometrische Wertschöpfungskette US21037T1097 von Bergbau über Reaktor und Netz bis zur Stadt, Illustration mit AI erstellt.

Constellation Energy (ISIN US21037T1097) was trading at EUR 263.65 at Lang & Schwarz on October 14, 2026, at 10:14 a.m. CEST, 0.23 percent above the Xetra close of October 13, 2026, at EUR 263.05. BMO Capital cut its price target for Constellation Energy stock to USD 350.00 from USD 379.00 on October 8, 2026, while maintaining an Outperform rating, according to Investing.com.

What does 890 MW change?

Constellation Energy announced on October 6, 2026, that a 20-year power purchase agreement with Google will support 890 megawatts of new nuclear capacity at 11 units. The company said the project represents more than USD 4.3 billion of new investment, with the first uprate expected in 2028.

The agreement also includes a separate 15-year supply contract covering 2,700 megawatts from Constellation's existing PJM fleet. Reuters reported on October 6, 2026, that the combined arrangement covers 3,590 megawatts and gives the operating fleet long-term revenue certainty.

Three contracts reshape the timeline

On September 10, 2026, Constellation agreed to acquire the 609-megawatt Rhode Island State Energy Center from Shell for USD 715 million, as Yahoo Finance reported. On September 30, 2026, the company announced a 20-year Amazon agreement adding 190 megawatts at Calvert Cliffs and supporting more than USD 3.0 billion in Maryland investment, according to Constellation Energy.

The October 6 Google agreement is the largest of the three by new nuclear capacity. That sequence gives the stock a concrete operating story, but the contracts also place execution, investment timing and regulatory delivery at the center of the valuation.

Results and dates set the next test

In the second quarter of 2026, adjusted operating earnings reached USD 2.55 per share, up USD 0.64 from the second quarter of 2025, while GAAP earnings were USD 1.42 per share, according to Yahoo Finance. Management raised full-year adjusted operating earnings guidance to USD 11.50-12.50 per share from USD 11.00-12.00 per share.

The first Google-related nuclear uprate is expected in 2028, while the full 890 megawatts are expected by the end of 2032. As of October 13, 2026, Constellation Energy had a USD 106.2 billion market capitalization, with a 52-week range of USD 228.63 to USD 412.70.

Stock trades above Xetra close

At Lang & Schwarz, Constellation Energy was trading at EUR 263.65 on October 14, 2026, at 10:14 a.m. CEST. That was 0.23 percent above the Xetra close of October 13, 2026, at EUR 263.05. The further course of trading is shown by the continuously updated real-time quote of Constellation Energy stock.