12 Best Renewable Energy Stocks to Buy in 2025

3. Constellation Energy Corporation (NASDAQ:CEG)

No. of Hedge Fund Holders: 85

Constellation Energy Corporation (NASDAQ:CEG) produces clean energy and supplies it to businesses, homes, and public sector consumers in the U.S. It generates energy from nuclear, hydro, wind, and solar facilities with a total capacity to power nearly 16 million homes. The company is responsible for providing approximately 10% of the nation’s clean energy in the U.S. The company owns one of the largest solar power facilities in the country, generating a total capacity of 242 MW.

Constellation Energy Corporation (NASDAQ:CEG) continues to expand its operations. In January 2025, the company agreed to acquire natural gas and geothermal company Calpine Corp. In addition to that, the company is committed to its shareholders, as it repurchased its shares worth $1 billion in 2024.

On April 9, Ryan Levine from Citi upgraded the rating on CEG shares from Neutral to Buy, adjusting the price target from $334 to $232. Levine is optimistic about CEG as it presents a more attractive risk-reward profile following a recent sell-off period. Moreover, Constellation Energy Corporation will benefit from the co-location deals, which are projected to include nearly 1 GW of uprates and 1.2 GW from existing operations. The analyst also highlighted that the major changes to AI power market policies will create a notable upside for the company.