10 Best Stocks to Buy According to Billionaire Ray Dalio

7. Constellation Energy Corporation (NASDAQ:CEG)

Bridgewater Associates Equity Stakes: $211.68 Million

Number of Hedge Fund Holders: 85

Constellation Energy Corporation (NASDAQ:CEG) produces and sells energy products and services. It has approximately 31,676 megawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets. It is another utility stock on a roll amid growing demand for energy to power data centers for the AI race.

Constellation Energy Corporation (NASDAQ:CEG) is the nation’s largest clean power producer, with its leading nuclear fleet and expanding renewable energy portfolio. Last year, the company announced plans to reopen the Three Mile Island and supply nuclear power to power Microsoft server farms. Because of its enormous need for lower-carbon energy, Microsoft will purchase all the power generated at a price far higher than that of other power sources. By 2028, that facility should be operational, giving Constellation Energy more room to boost its profits.

The expansion plan continued early in the year as the company confirmed plans to acquire natural gas and geothermal electric utility Calpine Corporation as it continues to strengthen its energy portfolio. Through 2028, Constellation Energy Corporation (NASDAQ:CEG) anticipates compound annual earnings per share growth of above 10%. After increasing its payout by 25% earlier this year, it also plans to raise its dividend by roughly 10% a year, affirming its commitment to returning value to shareholders.