10 Best AI Energy Stocks to Buy Now

3. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Holders: 91

Constellation Energy Corporation (NASDAQ:CEG) is included in our list of the AI energy stocks to buy now.

On January 9, 2026, TD Cowen initiated coverage on Constellation Energy Corporation (NASDAQ:CEG) with a ‘Buy’ rating and a $440 price target, while highlighting heightened regulatory risks. At the same time, the firm cited the recently completed $16.4 billion Calpine acquisition as a key growth catalyst that will provide an attractive opportunity for contracting and continued deals above forward curve prices. Meanwhile, the investment firm noted gas PPA agreements that are offering significant upside potential in addition to Constellation Energy Corporation’s (NASDAQ:CEG) existing nuclear fleet.

Management expects the deal to add roughly $2 billion in annual free cash flow, resulting in 55 GW of zero- and low-emission capacity across nuclear, natural gas, and geothermal generation. At the same time, the move marks progress in regulatory approvals, as the U.S. Nuclear Regulatory Commission approved 20-year license renewals for the Clinton and Dresden clean energy centers in December 2025. With planned investments exceeding $370 million, Constellation Energy Corporation (NASDAQ:CEG) will relicense and upgrade the reactors, allowing Clinton to operate through 2047 and Dresden units through 2049-2051.

Constellation Energy Corporation (NASDAQ:CEG) focuses on the generation, supply, and marketing of clean electricity, natural gas, and geothermal assets, alongside wholesale and retail energy services.