12 Best NASDAQ Stocks with High Upside Potential

10. Constellation Energy Corporation (NASDAQ:CEG)

Average Upside Potential: 39.99%

Constellation Energy Corporation (NASDAQ:CEG) is one of the best NASDAQ stocks with high upside potential. On June 1, Constellation Energy announced the pricing of a secondary public offering of 11,000,000 shares of its common stock by existing shareholders at $281.00 per share. As this is a secondary offering, the company will not receive any proceeds from the sales.

Simultaneously, Constellation Energy Corporation (NASDAQ:CEG) agreed to a share repurchase of 2,000,000 shares from the underwriters at the same price. This repurchase will be executed under the company’s existing program and is contingent upon the successful closing of the primary offering.

Morgan Stanley and J.P. Morgan are serving as underwriters, with an option to purchase an additional 1,350,000 shares within 30 days. The offering has been filed with the SEC and is subject to standard regulatory requirements and closing conditions.

Constellation Energy Corporation (NASDAQ:CEG) is a leading energy supplier specializing in reliable, emissions-free energy for businesses, homes, and public sector customers.