Tue Jun 03 10:40:00 UTC 2025: Here’s a news article summarizing and rewriting the provided text:
**Constellation Energy’s Price Target Boosted by BMO Capital Amid AI Data Center Boom**
NEW YORK, NY – BMO Capital has raised its price target for Constellation Energy Corporation (NASDAQ:CEG) to $337 from $291, reaffirming an “Outperform” rating on the stock. The move comes as utility companies, particularly those with carbon-free energy sources, gain increased attention due to the surge in demand from AI-powered data centers.
Constellation Energy, which generates and sells electricity across the United States, recently reported first-quarter earnings in line with expectations. Key to BMO’s bullish outlook was management’s indication that they are close to finalizing long-term supply agreements to provide their carbon-free electricity to customers.
For Q1, CEG reported earnings per share of $2.14 on revenue of $6.69 billion, an increase of over 8% compared to the same period last year. The company also reaffirmed its full-year 2025 adjusted operating earnings guidance range of $8.90 to $9.60 per share.
While recognizing Constellation Energy’s potential, BMO Capital’s report also suggests investors consider opportunities in AI stocks. The article promotes an alternate AI stock with the potential for higher returns and limited downside risks.
First Piper 