Constellation Energy stock slips after Wells Fargo trims target as PJM data-center rules loom
New York, Jan 20, 2026, 11:49 EST — Regular session Constellation Energy shares slipped 1.6% to $302.88 in late-morning trading Tuesday after Wells Fargo lowered its price target to $460 from $478 but maintained an Overweight rating. The stock touched an intraday low of $295.20 before clawing back some losses, as the SPDR S&P 500 ETF dropped 1.1% and the utilities sector ETF edged down around 0.2%. Vistra slid 2.9%, NRG Energy lost 1.1%, while Talen Energy gained 0.7%. (TipRanks) The pullback highlights how fast traders are revaluing merchant power stocks linked to data centers and wholesale markets. This sector