11 Best Green Stocks to Buy According to Hedge Funds

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1. Constellation Energy Corporation (NASDAQ:CEG

Number of Hedge Fund Holders: 79

John Eade, an Argus analyst, maintained his Buy rating on Constellation Energy Corporation (NASDAQ:CEG) and increased his price target from $350 to $375 on August 12. The change comes after the business’s Q2 adjusted results, which showed a 14% year-over-year growth. Eade noted the firm’s potential for expansion, especially its anticipated later-this-year acquisition of Calpine, a gas generation company.

Constellation Energy Corporation (NASDAQ:CEG) has shown solid operational momentum, as evidenced by its most recent quarterly results, which highlight double-digit growth. The business’s ability to improve profitability in a competitive energy landscape can be seen by the 14% year-over-year jump in adjusted Q2 performance. The company is positioned for diverse expansion as a result of the impending acquisition of Calpine. It marks a strategic shift to integrate gas generation assets and strengthen its portfolio. The jump in Argus’s target price from $350 to $375 shows the company’s faith in Constellation Energy Corporation (NASDAQ:CEG)’s financial future and its capacity to use acquisitions to generate long-term value.

While we acknowledge the potential of CEG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CEG and that has 100x upside potential, check out our report about this cheapest AI stock.

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

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