10 Most Undervalued Renewable Energy Stocks To Buy Right Now

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1. Constellation Energy Corporation (NASDAQ:CEG)

PE Ratio as of April 30: 19.05

Number of Hedge Fund Holders: 85

Constellation Energy Corporation (NASDAQ:CEG) is a Maryland-based company that delivers energy services across the United States. The company offers electricity, natural gas, and renewable energy solutions, using nuclear, wind, solar, natural gas, and hydroelectric sources. It ranks first on our list of the most undervalued stocks.

On April 9, Citi analysts led by Ryan Levine upgraded Constellation Energy Corporation (NASDAQ:CEG) to Buy from Neutral, slashing the price target to $232 from $334. After a recent dip in Constellation Energy’s stock, analysts are now more optimistic, seeing it as a better risk-reward at $184.94, down from its high of $352. The primary factors driving this optimism include potential colocation deals, natural gas projects in Texas, and the cushion from Production Tax Credits.

Constellation Energy Corporation (NASDAQ:CEG) declared a $0.3878 per share quarterly dividend on April 29. The dividend is distributable on June 6, to shareholders on record as of May 16.

According to Insider Monkey’s fourth quarter database, 85 hedge funds were bullish on Constellation Energy Corporation (NASDAQ:CEG), compared to 78 funds in the last quarter. Philippe Laffont’s Coatue Management was the biggest stakeholder of the company, with 6.63 million shares worth nearly $1.5 billion.

Overall, CEG ranks first among the 10 Most Undervalued Renewable Energy Stocks To Buy Right Now. While we acknowledge the potential of undervalued renewable energy stocks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CEG but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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