10 Best Nuclear Energy Stocks to Buy Right Now

5. PG&E Corporation (NYSE:PCG)

Number of Hedge Funds Holders: 76

PG&E Corporation (NYSE:PCG) is counted among the Best Utility Stocks to Buy Right Now. The company has emerged as a top player in the current AI boom, witnessing a jump of more than 40% this year in requests for power supplies from data center developers across northern California.

In April, PG&E Corporation (NYSE:PCG) launched a process for data center developers interested in connecting to its system, and the ‘cluster study’ yielded 4.1 GW of interest, on top of the 8.7 GW announced during the company’s Q1 earnings call.

Moreover, the size of the projects has also grown since last year’s cluster study, with the current proposed projects ranging from 500 MW to 1 GW, up from 50-100 MW last year. This increased AI power demand is expected to help the overall community, as PG&E estimates that for every gigawatt of new electric demand from data centers, customers may save between 1% to 2% on their electricity bill.

PG&E Corporation (NYSE:PCG) provides natural gas and electric service to customers in northern and central California. The company also owns the Diablo Canyon Power Plant, the only operational nuclear power plant in the Golden State.