Billionaire Stephen Mandel’s 10 Stocks with Huge Upside Potential

7. Constellation Energy Corporation (NASDAQ:CEG)

% holding in portfolio: 0.55%

Upside Potential: 38.12%

Located in Maryland, Constellation Energy Corporation (NASDAQ:CEG) is the largest producer of carbon-free energy in the U.S. The company focuses on operating nuclear, solar, wind, and hydroelectric assets. It offers clean and affordable energy solutions to serve commercial, industrial, and residential customers. The company’s key competitors include Vistra Corp, against whom the company uses its low-carbon portfolio and extensive customer reach to gain more market share. Its strong regulatory advocacy efforts further position it as a leader in the transition toward a sustainable energy economy.

Constellation Energy Corporation (NASDAQ:CEG) represents 0.55% of Mandel’s diversified holdings. Constellation Energy Corporation (NASDAQ:CEG) has effectively utilized the opportunities in the market, as reflected in its adjusted operating earnings per share of $8.67 for the full year 2024, which far surpassed the top end of its revenue guidance for the year. During the year, the company has also entered into a 20-year power purchase agreement with Microsoft. This agreement favors the launch of the Crane Clean Energy Center, which is expected to restore 835 megawatts of reliable, clean, carbon-free energy to the grid. The company entered 2025 with an operating earnings guidance range of $8.90 to $9.60 per share, generating a positive outlook for its business in the market.

For investors anticipating a surge in demand for low-carbon power sources across North America, the upside potential of 38.12% makes this billionaire stock a worthy investment in our list.