30 AI News Investors Should Not Miss

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21. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Holders: 71 

Constellation Energy Corporation (NASDAQ:CEG) generates and sells electricity in the United States. RBC Capital recently raised the price target on the stock to $272 from $214 and kept a Sector Perform rating on the shares. In a research note, the advisory underlined that the decision to reopen Unit-1 of Three Mile Island was not surprising, given the financial support of the PTC – Production Tax Credit – but the concurrent announcement of Constellation Energy Corporation’s (NASDAQ:CEG) deal with Microsoft for the full output of the plant for data center load was a surprise. Per the advisory, while pricing details were not disclosed, it was estimated at $40/MWh above current forward prices, highlighting the strong market interest for 24/7 renewable power.

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