Constellation Energy extends nuclear licenses in New York, shares backed by fresh Buy ratings

By Stefan Krueger, Long-Term & Business Model desk. Reviewed prior to publication on 2026-06-27, 10:38.

Constellation Energy Corporation (US21037T1097) underpins its long-term nuclear strategy with new license renewal applications for two plants in New York, as reported this week. The Nasdaq-100 constituent continues to attract supportive analyst coverage on the back of its regulated and contracted cash flows.

What Reuters and MarketScreener report

According to recent coverage compiled by MarketScreener, Constellation Energy filed license renewal applications for two nuclear facilities in the state of New York, aiming to extend operations beyond current expiry dates. The move is part of a broader U.S. trend toward preserving existing nuclear capacity to support grid reliability and decarbonization commitments.

The company’s nuclear fleet has already benefited from U.S. regulatory decisions in 2026, including an exemption enabling the restart of the Three Mile Island unit, as highlighted in sector reports. These regulatory steps strengthen the visibility of future baseload generation, which underpins Constellation’s long-duration power supply contracts with industrial and commercial customers.

Analyst views on the Constellation Energy stock

MarketScreener data show several major research houses with positive or constructive views on Constellation Energy, including recent Buy ratings from Bernstein and Raymond James in June 2026. Bernstein issued a Buy recommendation on 17 June, while Raymond James followed with a Buy rating and supportive commentary on 2 June, reflecting confidence in the company’s earnings profile.

Additional analysis from Intellectia, based on Seeking Alpha data, notes that Goldman Sachs initiated coverage earlier in 2026 with a Neutral stance and a 305 dollar price target, implying a mid-teens total return from the then prevailing share price. Zacks assigns the shares a Rank #3 (Hold), indicating a balanced risk reward view amid sector volatility. Together these ratings situate Constellation among the more closely watched U.S. utility names on the NYSE and within the Nasdaq-100 utilities exposure.

How Constellation Energy makes its money

Constellation Energy’s business model centers on generating and marketing electricity from a portfolio dominated by nuclear plants, complemented by gas, renewable and other assets. The company supplies long-term, often customized power and environmental products to commercial, industrial and institutional customers, including large multiyear contracts such as its recently announced 15 year nuclear power agreement with Walmart in Illinois in June 2026.

Where the Constellation Energy shares trade today

The Constellation Energy shares (US21037T1097) trade on the Nasdaq-100 via their U.S. listing, with recent quote data around 231.25 euros on a European trading venue as of 2026-06-26, 15:30. In U.S. terms the stock remains part of the NYSE utilities cohort, offering investors exposure to regulated and contracted nuclear driven cash flows.

Disclaimer: This article is for informational purposes only and does not constitute investment advice, a recommendation to buy or sell securities, or a solicitation of any kind. All data are based on sources believed to be reliable at the time of publication, without guarantee of completeness or accuracy.