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Investors should pick up shares of Constellation Energy after their recent slide, Citi suggested. Analyst Ryan Levine upgraded shares of the energy provider to buy from neutral. However, Levine slashed his price target by $102 to $232. That still suggests upside of just 25.4%. “As the utility space has largely been defensive over the last week, we see the dislocation creating select opportunities including Constellation,” Levine said. Utility stocks have been able to avoid some of the pain felt in the market since President Donald Trump unveiled his tariff plan last week. The S & P 500 utilities sector has dropped about 8% over the last five trading days, a narrower loss than the 11.5% decline recorded by the entire index over the same period. But Constellation hasn’t fared as well, with shares plunging close to 14% compared with a week ago. CEG 5D mountain CEG, 5-day Levine said his upgrade was driven in part by the stock’s rerating on the heels of policy hurdles tied to finishing data center deals. At its current valuation, he called the company’s risk-to-reward profile “compelling.” The analyst also said the stock could see upside if Constellation can execute on new gas builds. That’s an outcome that looks likely with or without support from the Texas Energy Fund, he noted. Levine is now among the majority of Wall Street analysts who have a buy rating, according to LSEG. But with his price target cut, he set a new low on the Street for the stock, which is known in part for its nuclear energy business. Shares of Constellation added more than 2% in Wednesday’s premarket trading. The stock has dropped more than 17% in 2025, on pace to see its first losing year since it went public following a spin-off from Exelon in 2022. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today’s dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles, and Dan Ives, with a special edition of Pro Talks with Tom Lee. You’ll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
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