“Massive News for Alphabet Stock and Constellation Energy Stock Investors | GOOG Stock | CEG Stock”
CEG is undervalued at $300 vs fair value $387; ~30% upside expected in 12-18 months despite recent rally, but conviction is low.
We have great news for Constellation Energy shareholders: Alphabet, Google's parent company, has agreed to sign a $4.3 billion, 20-year deal to purchase energy from Constellation Energy.
Of course, this comes after the company has already signed deals with Amazon and Microsoft to support their energy needs. So, does this make Constellation Energy shares a buying opportunity?