Top 20 Trending AI News And Analyst Ratings

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7. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Holders: 71 

Constellation Energy Corporation (NASDAQ:CEG) generates and sells electricity in the United States. Latest reports, published by news agency Reuters, claim that the company is still yet to file for the required government permits for a deal to restart part of the Three Mile Island nuclear power plant. Constellation had earlier signed a deal with tech giant Microsoft to restart the Three Mile nuclear plant as the latter pushes forward with ambitious AI data center plans. The review process for the restart of operations at the plant could take as much as two years. The International Energy Agency forecasts that the energy consumption of Microsoft may double by 2026 and become on par with what Japan uses in a year as AI data centers come online.

KeyBanc recently raised the price target on Constellation Energy Corporation (NASDAQ:CEG) to $279 from $265 and kept an Overweight rating on the shares. The advisory cited increased visibility into long-term EPS growth that Constellation Energy offered. KeyBanc stressed that the decision to restart the Three Mile Island nuclear reactor was an important catalyst in demonstrating the value of nuclear generation in the age of AI and expected momentum will continue.

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