Top 10 AI Stocks on Wall Street’s Radar Right Now

7. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Holders: 85

Constellation Energy Corporation (NASDAQ:CEG) is an energy provider specializing in clean, carbon-free energy solutions. On February 19, Citi raised the firm’s price target on the stock to $334 from $284 and kept a “Neutral” rating on the shares. While the firm did acknowledge Constellation’s Q4 print beating expectations, it said that it is more focused on the Federal Energy Regulatory Commission meeting on Thursday. While the analyst doesn’t anticipate major policy changes, it did note that any movement supporting co-location or constructive comments from Chair Christie would be deemed positive for the company.

Indeed, the FERC held its meeting today, February 20. It has voted unanimously to launch a review of issues associated with the co-location of large loads such as AI-enabled data centers at generating facilities in PJM.

“Co-location arrangements are a fairly new phenomenon that entail huge ramifications for grid reliability and consumer costs. Given these ramifications, the Commission truly needs to ‘get it right’ when it comes to evaluating co-location issues.”

-Chairman Christie.