Constellation Energy’s Stock Slide Explained | Raleigh News

Raleigh News Today | 2 Min News | The Daily News Now! · Jul 7, 2026 · 2m

Constellation Energy’s stock nosedived 35% in the first half of 2026, hitting a 52-week low after Citi slashed its price target by 15% amid grid reliability concerns from PJM Interconnection — the region’s largest power grid serving 67 million people. The downturn was fueled by a trifecta: PJM’s reliability warnings, a Trump-era power emergency due to record heat demand, and the expiration of share lock-ups. Yet, the company’s long-term strategy is stronger than ever — its $26.6 billion Calpine acquisition in January created a massive clean-energy platform with secure, contracted revenue…