10 Best Clean Energy Stocks to Buy According to Billionaires

2. Constellation Energy Corporation (NASDAQ:CEG)

Number of Billionaire Holders: 17

Constellation Energy Corporation (NASDAQ:CEG) is the largest producer of carbon-free energy in the United States. The company boasts approximately 34.2 gigawatts of generating capacity consisting of nuclear, wind, solar, natural gas, and hydroelectric assets.

Constellation Energy Corporation (NASDAQ:CEG) reported better-than-expected results in Q4 2024 as its adjusted EPS of $2.44 topped estimates of $2.14. The company’s revenue of $5.38 billion was also above expectations by $633.73 million. CEG also continues to expand its footprint and announced in January that it had agreed to acquire natural gas and geothermal company Calpine Corp for a net purchase price of $26.6 billion, marking one of the biggest acquisitions in the country’s power industry. The company remains committed to its shareholders and bought back $1 billion of its common stock last year, in addition to increasing its annual dividend by 25%. It now expects to grow its yield by another 10% in 2025.

Constellation Energy Corporation (NASDAQ:CEG) announced the signing of a 20-year power purchase agreement with Microsoft in Q4 2024 to help resurrect a unit of the Three Mile Island nuclear plant and power its AI data center. It is estimated that Microsoft might pay the power company about $110-$115 per megawatt hour (MWh) as part of the 20-year-long fixed price PPA, contributing significantly to its future earnings and cash flow.