10 Best Solar Energy Stocks To Buy Now

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1. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Investors: 78

Constellation Energy Corporation (NASDAQ:CEG) is a leading energy provider in the United States, specializing in power generation, wholesale energy sales, and retail energy supply. The company operates a diverse energy portfolio, including nuclear, solar, wind, and natural gas facilities. Constellation Energy Corporation (NASDAQ:CEG) owns and operates one of the largest solar power facilities in the United States, which can generate a total capacity of 242 megawatts (MW).

Constellation Energy Corporation (NASDAQ:CEG) is focusing on long-term agreements to provide renewable energy solutions to companies, ensuring a consistent revenue stream while helping these companies achieve their carbon reduction goals. Through its Constellation Offsite Renewables (CORe) product, the company offers offsite renewable energy projects. This approach also supports the development of new renewable assets. For example, the company recently announced an agreement with W. L. Gore & Associates on a 55-megawatt (MW) renewable energy project. Through a 20-year agreement, W. L. Gore & Associates will procure approximately 110,000 MWh hours of energy per year and will receive energy and renewable energy certificates (RECs) from Constellation Energy Corporation’s (NASDAQ:CEG) Glover Creek Solar Project in Metcalfe County, Kentucky.

Constellation Energy Corporation (NASDAQ:CEG) is also forging strategic partnerships and collaborations to accelerate the development and deployment of solar energy projects with utilities, state governments, and other companies. The company’s focus on solar energy is part of its broader strategy to provide innovative and flexible energy solutions that can be tailored to the specific needs of its customers.

While we acknowledge the potential of Constellation Energy Corporation (NASDAQ:CEG) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than CEG but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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