Constellation Energy (CEG) Unit Completes Megawatt Expansion of California Project

Constellation Energy Corporation (NASDAQ: CEG ) is one of the 10 Best Energy Stocks Capitalizing on the Data Center Boom . Of 22 analyst ratings compiled by CNN, 91% assigned a Buy rating to Constellation Energy, while 9% rated it Hold. The stock has a median price target of $380.50, a 51.20% upside from the current price of $251.654.

On June 9, Constellation Energy announced the completion of the spring refueling and maintenance outage at its Limerick Clean Energy Center, noting that it had invested $90 million in the effort.

In other news, the company announced on June 8 that its business unit Calpine had completed a 25-megawatt (MW) expansion project at The Geysers geothermal complex in Sonoma County, California. Constellation said the new capacity is enough to generate electricity to power over 25,000 homes annually.

Of the 25 MW expansion, the company explained that 18 MW will be directed to Clean Power Alliance (CPA), while the remaining 7 MW is being supplied to MCE to support Bay Area residents and businesses.

Constellation Energy Corporation (NASDAQ:CEG) is a producer of clean and reliable energy. With 55 gigawatts of capacity from nuclear, natural gas, oil, geothermal, hydro, wind, and solar facilities, its fleet can power the equivalent of 27 million homes.

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