11 Best Alternative Energy Stocks to Buy Now

3. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Funds Holders: 85

Constellation Energy Corporation (NASDAQ:CEG), a prominent producer of emissions-free energy, provides nuclear, hydro, wind, natural gas, and solar power across the U.S. The company is at the front line of the clean energy transition with a generating capacity of 31,676 megawatts. Its position among the best clean energy stocks is strengthened by its robust financial growth and strategic investments.

Constellation Energy Corporation (NASDAQ:CEG) reported GAAP net income of $11.89 per share and adjusted operating earnings of $8.67 per share, surpassing the upper end of its revised forecast, demonstrating robust financial performances in 2024. Backed by investments in wind, nuclear, hydroelectric power, and solar, the company reaffirmed its 2025 earnings guidance range of $8.90 to $9.60 per share. Constellation Energy Corporation (NASDAQ:CEG) continues to broaden its clean energy portfolio, maintaining its position as a top player in the clean energy sector.

Moreover, in 2024, Constellation Energy Corporation (NASDAQ:CEG) took a major step with its agreement to take over Calpine Corporation, blending Calpine’s natural gas assets with its emissions-free generation. This deal is projected to improve grid reliability and position the company as a prominent provider of sustainable energy solutions. The company is placed as the leading player in the best clean energy stocks, as the acquisition will solidify the company’s ability to meet rising demand.

By restarting the Three Mile Island Unit 1 under the Crane Clean Energy Center initiative, Constellation Energy Corporation (NASDAQ:CEG) strengthened its dedication to alternative energy. The project will revive 835 megawatts of carbon-free power to Pennsylvania’s grid ahead of schedule. The restart is anticipated to generate 3,400 jobs and contribute $16 billion to the state’s economy. This solidifies Constellation Energy’s leadership in nuclear energy, a core component of the clean energy transition.

Consequently, Constellation Energy Corporation (NASDAQ:CEG) ranks No.1 for the 11th consecutive year, as it remains the nation’s largest producer of emissions-free energy. The company continues to lead the clean energy sector with major investments in solar, wind, hydroelectric power, and nuclear, and a strategic expansion plan. Thus, CEG is one of the best clean energy stocks to invest.