BMO cuts target for Constellation Energy stock to USD 350.00

Published on 10/12/2026 at 11:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 adjusted earnings reached USD 2.55 per share, up USD 0.64 year over year. Constellation Energy stock costs EUR 264.75 on October 12, 2026, 0.60 percent below the Xetra close.

Key points in brief

BMO cut its Constellation Energy target from USD 379.00 to USD 350.00 on October 8, 2026, while keeping Outperform.
The Google agreement covers 890 megawatts of new nuclear capacity and USD 4.3 billion of investment.
Constellation Energy stock was EUR 264.75 at Lang & Schwarz on October 12, 2026, 0.60 percent below the October 9 Xetra close.
Second-quarter 2026 revenue was USD 7.50 billion and GAAP earnings per share were USD 1.42.

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.

BMO Capital cut its Constellation Energy target from USD 379.00 to USD 350.00 on October 8, 2026, while keeping an Outperform rating, according to Investing.com. Constellation Energy stock was EUR 264.75 at Lang & Schwarz on October 12, 2026 at 11:05 a.m. CEST, 0.60 percent below the Xetra close of October 9, 2026 at EUR 266.35.

Google deal adds 890 megawatts

Constellation's October 6, 2026 agreement with Google will support 890 megawatts of new nuclear capacity across 11 units in Illinois, Pennsylvania, and New Jersey, according to Constellation Energy. The company said the 20-year arrangement will enable investment in new equipment and technology, giving the deal a longer operating horizon than a single quarter.

The agreement follows a September 30, 2026 arrangement with Amazon that adds 190 megawatts at the Calvert Cliffs Clean Energy Center, also reported by Constellation Energy. Together, the disclosed contracts show how the company is linking existing nuclear assets to long-term technology-sector power demand.

What does the deal mean for earnings?

Constellation reported USD 7.50 billion of revenue and USD 1.42 in GAAP earnings per share for the second quarter of 2026, according to its earnings-call transcript published by Yahoo Finance. Adjusted operating earnings were USD 2.55 per share, USD 0.64 higher than in the second quarter of 2025, creating a clear contrast with the lower GAAP result.

Management raised full-year 2026 adjusted operating earnings guidance to USD 11.50-12.50 per share from USD 11.00-12.00. The USD 0.50 increase in the midpoint gives investors a quantified measure of the earnings contribution expected from operating performance and recent contracts, even as BMO's target reduction shows that valuation remains contested.

Three dated developments shape the story

On September 30, 2026, the Amazon agreement added 190 megawatts at Calvert Cliffs, according to Constellation Energy. On October 6, 2026, the Google agreement added 890 megawatts of planned capacity. On October 8, 2026, BMO cut its target by USD 29.00, from USD 379.00 to USD 350.00, while retaining Outperform.

Next results date is November 9

Constellation Energy is scheduled to report third-quarter 2026 results before the market opens on November 9, 2026, according to Simply Wall St. That report will test whether the higher full-year adjusted guidance is translating into the next reported quarter.

Stock trades below the Xetra close

At Lang & Schwarz, Constellation Energy stock was EUR 264.75 on October 12, 2026 at 11:05 a.m. CEST, down EUR 1.60 or 0.60 percent versus the Xetra close of October 9, 2026 at EUR 266.35. The company had a market capitalization of USD 107.0 billion as of October 9, 2026, and its CEG listing is included in the Nasdaq 100.

The further course of trading is shown by the continuously updated real-time quote of Constellation Energy stock.