Billionaire Chris Rokos’ Top 15 Stock Picks

Page 2 of 15

14. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Holders: 78 

Rokos Capital Management’s Stake: $66.1 million 

Constellation Energy Corporation (NASDAQ:CEG) generates and sells electricity in the United States. The company’s investment potential is reinforced by the following aspects. Firstly, as per the report of the third quarter of 2024, GAAP Net Income for the third quarter of 2024 increased to $3.82 per share from $2.26 per share in the third quarter of 2023. Adjusted (non-GAAP) Operating Earnings for the third quarter of 2024 increased to $2.74 per share from $2.13 per share in the third quarter of 2023. Secondly, the company has made an agreement to acquire Calpine in a cash and stock transaction valued at an equity purchase price of approximately $16.4 billion, composed of 50 million shares of Constellation stock and $4.5 billion in cash plus the assumption of approximately $12.7 billion of Calpine net debt. Moreover, the firm partnered with New York State and pursued funding from the US Department of Energy for the development of advanced nuclear reactors.

Page 2 of 15