CIBC starts coverage of Constellation Energy stock with USD 358 target

Published on 10/16/2026 at 09:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CIBC set a USD 358 target on October 15, 2026. Constellation Energy stock costs EUR 246.68 on October 16, 2026, with Q2 revenue at USD 7.50 billion.

Coverage and nuclear expansion

CIBC began coverage with a USD 358 price target on October 15, 2026.
Google's agreement adds 890 megawatts through upgrades at 11 nuclear units.
Constellation Energy stock trades at EUR 246.68 at 9:20 a.m. CEST at Lang & Schwarz on October 16, 2026.

Makrofoto von zylindrischen Uranium-Brennstoffpellets auf poliertem Edelstahl — Constellation Energy Makroaufnahme US21037T1097 zeigt zylindrische Uranoxid Brennstoffpellets in einer Reihe auf Edelstahl, Illustration mit AI erstellt.

Constellation Energy (ISIN US21037T1097) received a USD 358 price target as Business Insider reported on October 15, 2026, that CIBC initiated coverage with an Outperformer rating. The analyst call follows Constellation's expansion of long-term nuclear contracts with technology companies.

Coverage starts at USD 358

The CIBC target gives investors a fresh valuation marker, while the rating reflects the company's growing contracted power platform. The latest reported second-quarter revenue was USD 7.50 billion, and net income was USD 502.00 million, according to Investing.com. Diluted earnings per share were USD 1.42 in the second quarter of 2026.

Three contracts shaped the story

On September 30, 2026, Constellation announced a 190 megawatt nuclear agreement with Amazon, as shown on its Constellation Energy website. On October 6, 2026, Google and Constellation announced a 20-year agreement covering 890 megawatts of new nuclear capacity and a separate 2,700 megawatt supply agreement, according to Constellation Energy. CIBC then began coverage on October 15, 2026, with the USD 358 target.

What does the Google deal mean for cash flow?

The agreement supports more than USD 4.3 billion of investment in upgrades at 11 nuclear units, with the first uprate expected in 2028. That structure links new capacity to existing sites instead of relying only on entirely new reactors. The company also serves 55 gigawatts of generating capacity, according to its corporate website.

Next dates carry the focus

Constellation is scheduled to report third-quarter 2026 results on November 9, 2026, according to Simply Wall St. The first Google-related nuclear uprate is expected in 2028, according to the October 6 company announcement.

Stock price and valuation markers

Constellation Energy has a market capitalization of USD 97.4 billion as of October 15, 2026. Its primary listing is on Nasdaq, and the latest second-quarter revenue of USD 7.50 billion provides a current operating reference alongside the new analyst target.

Constellation Energy was trading at EUR 246.68 at Lang & Schwarz on October 16, 2026 at 9:20 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Constellation Energy stock.