35 Trending AI Stocks on Latest Analyst Ratings and News

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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. UBS recently raised the price target on the stock to $307 from $230 and kept a Buy rating on the shares. The advisory highlighted that Constellation had announced a contract with Microsoft to provide long-term, dedicated power from the restarted Crane plant, and the broad implications from the announcement are a reaffirmation of the demand for power from large technology companies and the willingness to pay up for access to large quantities of clean energy. Per the advisory, this is another signaling event in the power demand thesis that demonstrates a very supportive fundamental backdrop for power.

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