Constellation Energy shares are trading higher after multiple analysts raised their price targets following Friday's announcement of a power purchase agreement with Microsoft.
Portfolio Pulse from Benzinga Newsdesk
Constellation Energy's shares are rising as analysts increase price targets following a power purchase agreement with Microsoft.
September 23, 2024 | 1:56 pm
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Constellation Energy's shares are trading higher due to analysts raising their price targets. This follows a significant power purchase agreement with Microsoft, indicating positive market sentiment and potential growth.
The power purchase agreement with Microsoft is a significant development for Constellation Energy, suggesting increased future revenues and growth potential. Analysts' raised price targets reflect this positive outlook, likely driving the stock price up in the short term.
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