12 Best Electrical Infrastructure Stocks to Buy According to Analysts

5. Constellation Energy Corporation (NASDAQ:CEG)

Average Analyst Upside: 17.60%

Number of Hedge Fund Holders: 78

Constellation Energy Corporation (NASDAQ:CEG) is a key player in the U.S. electricity industry, with operations spanning five major regions: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions. The company maintains a diverse energy portfolio, comprising nuclear, wind, solar, natural gas, and hydroelectric facilities, delivering a clean energy capacity of over 23,000 megawatts.

Constellation Energy’s extensive portfolio of firm green power, paired with a competitive retail business, positions it well to meet the rising demand for decarbonized electricity products. Among the company’s notable green energy initiatives, the planned restart of Unit-1 at the Three Mile Island nuclear power plant, alongside a groundbreaking Power Purchase Agreement (PPA) with Microsoft are stand outs. Under this agreement, Microsoft will purchase the entire output from the restarted Three Mile Island unit to power its data centers.

In its third quarter financial results, Constellation Energy Corporation (NASDAQ:CEG) reported earnings per share of $2.74, beating analyst expectations for the third time in four quarters. Quarterly revenue grew to $6.55 billion, compared to $6.11 billion in the previous year, highlighting the company’s steady growth and financial resilience.

Wall Street analysts maintain a Moderate Buy consensus rating for Constellation Energy Corporation (NASDAQ:CEG). Of the 15 analysts covering the stock over the past year, 10 have issued buy ratings, reflecting broad confidence in the company’s outlook.

According to Insider Monkey’s Q3 database, 78 hedge funds held bullish positions in Constellation Energy Corporation (NASDAQ:CEG), up from 71 in the previous quarter.