According to RBC Capital analysts, the separation of Constellation Energy from Exelon Corporation (NASDAQ:EXC) is quickly approaching. The analysts believe that the key ingredient that could drive the combined stock price higher is the passage of the $1.85 trillion Build Back Better (BBB) Act, in particular the introduction of nuclear production tax credits (PTCs).
The analysts raised their price target on the company to $60 from $51, assuming a 33% probability of supportive PTCs.
About the Author
Weekly Signals Desk analysis and API-driven market workflows
David Kirakosyan writes the Weekly Signals Desk for FMP, breaking down market signals while showing readers how to build similar workflows using the FMP API. His work focuses on turning raw API data into practical market analysis and repeatable workflows that developers and analysts can adapt to their own research.
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