Jefferies reaffirms Hold rating on Constellation Energy stock, analyses power deals By Investing.com
On Friday, Jefferies analysts maintained their Hold rating on Constellation Energy (NASDAQ:) shares, with a price target of $234.00.
The firm’s analysis highlighted the recent government contract secured by Constellation Energy, which is expected to add approximately $55 million in EBITDA and $44 million in free cash flow (FCF) annually, due to the benefits of nuclear uprates. The contract, valued at around $84 per megawatt-hour (MWh) for a duration of 10 years, is composed of 75% existing and 25% new energy supplies. This suggests an estimated price of approximately $75/MWh for existing energy supplies, according to Jefferies’ evaluation.
The contract in question involves the U.S. General Services Administration (GSA) and…
