15 AI Stocks Every Investor Should Be Watching

10. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Holders: 78

Constellation Energy Corporation (NASDAQ:CEG) is an energy provider specializing in clean, carbon-free energy solutions. On February 19, the leading energy company reported its financial results for the fourth quarter and full year 2024. It beat Wall Street estimates for fourth-quarter profit driven by lower expenses and rising demand for power. The energy company posted adjusted earnings per share of $2.44 for Q4, topping the analyst consensus of $2.19. Meanwhile, revenue for the quarter came in at $5.38 billion, beating estimates of $4.75 billion.

Looking ahead, it has also reaffirmed its adjusted earnings guidance for 2025 of $8.90-$9.60 per share, while analyst consensus was $9.43. Key developments for the company include its definitive agreement to buy Calpine largely driven by the rapid growth of AI data centers, completing $1 billion in share purchases, and signing of a 20-year power purchase agreement with Microsoft, supporting the launch of the Crane Clean Energy Center.

“The 14,000 women and men of Constellation remain the driving force behind our strong operational and financial performance in 2024. Whether it’s AI and the many technologies of the future, or the everyday needs of families and businesses across our nation, Constellation provides the reliable and sustainable energy needed today and is investing billions of dollars to power our country for decades to come. We know that reliable, affordable and sustainable power is the key to America’s freedom and the life-blood of our economic prosperity, and over the past three years we have built a company that can meet that need for power with unmatched capabilities. As we look forward to closing the Calpine acquisition later this year, Constellation will create new capabilities that will increase product offerings across America to help families and businesses thrive and grow. There has never been a more exciting time for our country and for the energy industry. We are privileged to be at the heart of it all.”

-Joe Dominguez, president and CEO, Constellation.