12 Most Promising Green Stocks According to Hedge Funds

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2. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Investors: 78

Constellation Energy Corporation (NASDAQ:CEG) is a leading energy provider in the United States, specializing in power generation, wholesale energy sales, and retail energy supply. The company operates one of the nation’s largest solar power facilities, with a generation capacity of 242 megawatts, alongside 27 wind projects across 10 states with a total capacity of approximately 1,400 MW.

Constellation Energy Corporation (NASDAQ:CEG) is leveraging its renewable energy expertise to provide innovative solutions that enable data centers and other businesses to operate with clean and reliable energy. One of the company’s most popular offerings is its offsite renewables product, CORe, which facilitates location-specific renewable energy purchases and provides renewable energy certificates (RECs) tailored to meet customers’ specific energy consumption needs. The company recently partnered with W. L. Gore & Associates on a 55-megawatt (MW) renewable energy project. Under a 20-year agreement, W. L. Gore & Associates will procure around 110,000 MWh of energy annually and receive energy and 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) ensures a stable revenue stream while supporting its clients in achieving their carbon reduction goals. Additionally, the CORe products help the company foster strategic partnerships and collaborations to accelerate the growth and deployment of solar energy projects in collaboration with utilities, state governments, and other organizations.

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