Jim Cramer Recently Discussed These 13 Stocks Interest Rates And Recession

5. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Holders In Q3 2024: 78

Constellation Energy Corporation (NASDAQ:CEG) is a clean energy company that generates 90% of its power from clean energy sources. Its shares are up by 175% over the past year as data center demand for clean energy has injected fresh life into nuclear energy stocks. However, Cramer has repeatedly stressed that nuclear power is a long-term play that will not yield near-term results. Constellation Energy Corporation (NASDAQ:CEG)’s shares are up by 33% year-to-date as the firm seeks to expand its portfolio by acquiring Calpine. Here’s what Cramer said about the deal:

“I guess they don’t mind that they could’ve gotten much more? Well before, before the day off, we were understanding the commemoration. We were understanding that Constellation was going to pay far more.

“I was going to say that getting Mr. Dominguez, who is really I think, the authority on where we are going in this country where we have growth for the first time in ages in the grid, he’s excellent and I cannot wait to hear him speak. He’s excellent.”