AI News That Broke The Internet This Week

8. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Holders: 71 

Constellation Energy Corporation (NASDAQ:CEG) generates and sells electricity in the United States. The increase in demand for power due to AI data center build has put a spotlight on energy firms. Morgan Stanley predicted earlier this week that increasing prices of electricity would benefit companies like CEG in the coming months. The investment bank predicts that capacity prices for most of the PJM coverage area could hit a $695/MW-day price cap, more than double the record-high $270/MW-day reached in the PJM July capacity auction and driven by tight power supplies.

Constellation Energy Corporation (NASDAQ:CEG) stands to benefit from these developments. Morgan Stanley has forecast that the potential jump in capacity prices for the 2026-27 delivery year auction set for December would push energy bills higher, and when combined with the previous capacity auction, the next auction could increase residential electricity bills by around 20%, according to market experts at the bank.