Constellation Energy Corporation (NASDAQ:CEG) shares are trading relatively flat today after jumping more than 22% after the company signed a 20-year power purchase agreement with Microsoft on Friday. The deal entails the launch of the Crane Clean Energy Center (CCEC) and the restart of Three Mile Island Unit 1, which was closed five years ago. Following the announcement, several analysts raised the price target on the stock. KeyBanc analyst Sophie Karp maintained an Overweight rating and raised the price target from $230 to $265. The analyst writes that the deal allows for reevaluating other …
