TD Cowen has initiated coverage on Constellation Energy Corporation (CEG) with a ‘Buy’ rating and a $440 price target, citing heightened regulatory risks and the recently completed $16.4 billion Calpine acquisition. The deal is expected to add $2 billion in annual free cash flow and upgrade reactors for future operations. CEG focuses on clean electricity, natural gas, and geothermal assets. While CEG shows potential, other AI stocks may offer greater upside. For more information on investing in AI stocks, check out the best short-term AI stock report. No disclosures mentioned.

Read more at Yahoo Finance: TD Cowen Bullish on Constellation Energy (CEG) Amid Heightened Regulatory Risks and Recently Completed Calpine Acquisition