10 AI Stocks Making Waves on Wall Street

4. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Holders: 78

Constellation Energy Corporation (NASDAQ:CEG) is an energy provider specializing in clean, carbon-free energy solutions. On January 14, Jefferies raised the firm’s price target on Constellation Energy (CEG) to $274 from $234 and kept a “Hold” rating on the shares. The rating has been issued after the Calpine acquisition deal which Jefferies has termed as “positive and value accretive”. The agreement, announced on January 10, aims to offer the broadest array of energy products and services available in the industry. It has resulted in the company being one of the largest clean energy providers by combining emissions-free electricity, low-emission natural gas, and renewable energy to serve 2.5 million customers. According to Jefferies, Constellation prices in a “lot of data center value today”, more than its peers. However, the analyst told investors in a research note that there is “a favorable risk/reward skew in a bullish data center contracting scenario”.