10 Best Non-Tech Stocks to Buy Now for Long Term

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9. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Holders: 85   

Constellation Energy Corporation (NASDAQ:CEG) produces carbon-free energy and sustainable solutions. The company reported GAAP net income of $3.82 per share and Adjusted (non-GAAP) operating earnings of $2.74 per share for the third quarter of 2024. In January, the company announced the acquisition of Calpine Corp in a cash and stock deal worth about $16.4 billion. The transaction includes 50 million shares of Constellation stock, $4.5 billion in cash, and the assumption of $12.7 billion in Calpine’s net debt. The merger creates the nation’s top competitive retail electric supplier, serving 2.5 million customers with more energy options, sustainability solutions, and products to help manage costs and meet sustainability goals. The company’s GAAP net income increased to $11.89 per share in 2024, up from $5.01 per share in the prior year.

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