#1 - Constellation Energy (NASDAQ:CEG)
Some investors know Constellation Energy Corp. (NASDAQ: CEG) as their utility provider. The company generates and distributes electricity and natural gas across 16 states and the District of Columbia. However, with over 20 nuclear reactors, Constellation is also the nation’s largest nuclear power plant operator. This is a key reason that Constellation produces 10% of the nation’s total clean energy.
Investors who weren’t aware of Constellation’s position in the nuclear sector became aware of it in 2024. At that time, the company announced its partnership with Microsoft Corp. (NASDAQ: MSFT) to restart the nuclear plant at Three Mile Island in Pennsylvania. Constellation also operates six nuclear power plants in Illinois. It’s not a coincidence that Iron Mountain Inc. (NYSE: IRM) is planning some of its largest data center expansion in that state.
CEG stock soared after the company went public in 2022, growing more than 480% through the end of 2024. Gains of over 100% per year are not likely, but investors can look at Constellation’s leadership position in nuclear energy as a key catalyst for long-term growth.
About Constellation Energy
Constellation Energy Corporation generates and sells electricity in the United States. It operates through five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. The company sells natural gas, energy-related products, and sustainable solutions. It has approximately 33,094 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets.
Read More - Current Price
- $243.84
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $280.43 (15.0% Upside)
