11 Best Renewable Energy Stocks To Buy Now

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2. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Investors: 78

Constellation Energy Corporation (NASDAQ:CEG) is a prominent energy provider in the United States, specializing in power generation, wholesale energy sales, and retail energy supply. The company manages 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, boasting a total generation capacity of 242 megawatts along with 27 wind projects across 10 states with a capacity of about 1400 MW of electricity.

Constellation Energy Corporation (NASDAQ:CEG) is leveraging its expertise in renewable energy by offering innovative solutions that enable data centers and other companies to operate using clean and reliable energy sources. One of the company’s most in-demand offerings is its offsite renewables product, CORe, which facilitates location-specific renewable energy purchases and provides renewable energy certificates (RECs) tailored to match customers’ specific energy consumption needs. For example, Constellation Energy Corporation (NASDAQ:CEG) recently announced a partnership with W. L. Gore & Associates on a 55-megawatt (MW) renewable energy project. Under a 20-year agreement, W. L. Gore & Associates will procure approximately 110,000 MWh of energy annually and receive energy and renewable energy certificates (RECs) from Constellation Energy Corporation’s (NASDAQ:CEG) Glover Creek Solar Project in Metcalfe County, Kentucky.

By offering long-term agreements to businesses, Constellation Energy Corporation (NASDAQ:CEG) aims to ensure a stable revenue stream while supporting these organizations in achieving their carbon reduction goals. Moreover, The CORe products support the company in building strategic partnerships and collaborations to expedite the growth and deployment of solar energy projects with utilities, state governments, and other companies.

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