Constellation Energy Stock Jumps 3% on Morgan Stanley's Bullish Update

Constellation Energy (CEG) shares rose 3% after Morgan Stanley's David Arcaro resumed coverage with a bullish update, setting a $385 price target (27% above the latest closing price). Arcaro believes the company has upside potential approaching 30% and highlighted nuclear energy as a key revenue stream due to the growing demand for AI infrastructure. As a large energy conglomerate, Constellation has a range of energy-producing assets beyond nuclear.