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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 raised the price target on Constellation Energy Corporation (NASDAQ:CEG) stock to $307 from $230 and kept a Buy rating on the shares. In an investor note, the advisory referenced the recent Constellation deal with Microsoft to provide long-term, dedicated power from the restarted Crane plant, noting that the broad implications from the announcement were 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.

The advisory further added that this was another signaling event in the power demand thesis that demonstrated a very supportive fundamental backdrop for power.

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