12 AI News and Ratings You Should Not Miss

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4. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Holders: 71

Constellation Energy Corporation (NASDAQ:CEG) is an American energy company that generates and sells electricity in the United States. This AI power play also supplies the energy needed to power data centers and AI infrastructure.

On November 7, DBS analyst Elizabelle Pang maintained a “Hold” rating on Constellation Energy Corporation (NASDAQ:CEG) and set a price target of $250.00. Pang’s rating comes from a combination of factors, but the most prominent development is that the company has recently secured a 20-year power purchase agreement with Microsoft, expected to boost the company’s EPS at an average yearly growth rate of 13% from 2024 to 2030. The deal will help them restart the Three Mile Island Unit 1 as the Clean Energy Center, expected to be in operation by 2028. Despite such positive developments, the firm notes how Constellation is already at a rich valuation, implying limited upside potential for its shares. Therefore, investors should wait for a better time to invest.

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