10 Most Profitable Energy Stocks To Invest In

4. Constellation Energy (NASDAQ:CEG)  

TTM Net Income: $2.39 Billion  

5-Year Net Income CAGR: 35.27%  

Number of Hedge Fund Holders: 71  

Constellation Energy (NASDAQ:CEG) provides energy products such as natural gas and related services across North America. The company is a major player in the nuclear energy sector and generates 10% of the United States’ carbon-free electricity. Constellation Energy (NASDAQ:CEG) is committed to investing in sustainable energy solutions and has taken significant steps to reduce its environmental impact.

In Q1, Constellation Energy (NASDAQ:CEG) issued a 30-year corporate green bond worth $900 million to fund upgrades to its nuclear plants, clean hydrogen production, and energy storage systems. The company has also secured long-term sustainable energy contracts with major tech firms, including Microsoft and Google, which provide a stable revenue stream. Additionally, Constellation Energy (NASDAQ:CEG) is investing $800 million in its Byron and Braidwood nuclear plants in Illinois, which is expected to increase their energy output by 158 megawatts. Constellation Energy (NASDAQ:CEG) is also investing $350 million to upgrade the Criterion wind project in Maryland.

Constellation Energy (NASDAQ:CEG) is poised for significant growth. The company is projected to grow its earnings by 45.84% this year. Over the last 5-years, Constellation Energy (NASDAQ:CEG) has grown its net income by an impressive CAGR of 35.27%. The company’s net income for the twelve months ending June 30 was $2.39 billion, a 208.91% increase year-over-year. This growth was driven by its investments in sustainable energy solutions and its long-term contracts with major tech firms.

As of the second quarter, 71 have invested in the company’s stock, with a total investment of $3.78 billion. Coatue Management holds stocks valued at $982.90 million and is the largest shareholder in the company as of June 30.