10 Best Nuclear Energy Stocks to Buy According to Billionaires

3. Constellation Energy Corporation (NASDAQ:CEG)

Number of Billionaire Holders: 17

Constellation Energy Corporation (NASDAQ:CEG) is the largest producer of carbon-free energy in the US, with approximately 34,200 MW of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets.

Constellation Energy Corporation (NASDAQ:CEG) had a strong Q4 2024 as its revenue of $5.38 billion beat estimates by $633.73 million. The company’s adjusted EPS of $2.44 was also above expectations of $2.14. CEG also remains committed to its shareholders and bought back $1 billion of its common stock in FY 2024, in addition to increasing its annual dividend by 25%. The company now aims to grow its yield by another 10% in 2025.

Constellation Energy Corporation (NASDAQ:CEG) continues to expand its footprint and recently entered into a definitive agreement to acquire Calpine Corp., a natural gas and geothermal company. The $26.6 billion acquisition will create the ‘nation’s largest clean energy provider’, boasting nearly 60 GW of capacity from zero- and low-emission sources. In fact, CEG is already ranked among the 10 Best Clean Energy Stocks to Buy According to Billionaires.

In significant news, Citigroup upgraded its outlook for Constellation Energy Corporation (NASDAQ:CEG) from Neutral to Buy earlier this month, with a price target of $232. The CEG stock has gained more than 18% over the last 52 weeks, despite the recent decline in the energy market.