12 Best Nuclear Energy Stocks to Buy Now

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1. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Holders: 91

On January 20, 2026, Wells Fargo analyst Shahriar Pourreza lowered the firm’s price target on Constellation Energy Corp. (NASDAQ:CEG) to $460 from $478 while still maintaining an Overweight rating. The firm continues to highlight the stock as its Best IPP Idea, pointing to a pipeline of asset opportunities and multiple data-center related deals still in motion.

On January 9, 2026, TD Cowen initiated coverage with a Buy rating and a $440 price target, well above where the shares were trading at the time. Analyst Eli Mingos singled out the Calpine integration as a “compelling opportunity for contracting,” arguing that it could reshape how Constellation locks in long-term power agreements.

TD Cowen expects contracting activity to remain active through 2026, with deals signed above the forward curve. The firm also sees gas power purchase agreements as “intriguing upside potential” layered on top of Constellation’s nuclear fleet.

That setup was formalized on January 7, 2026, when Constellation completed its acquisition of Calpine Corporation, combining its nuclear assets with Calpine’s natural gas and geothermal portfolio. “This isn’t just about two great companies coming together—it’s about strengthening America’s future,” said Joe Dominguez, president and CEO of Constellation.

Constellation Energy Corp. (NASDAQ:CEG) operates the largest clean energy fleet in the U.S., with roughly 55 gigawatts of generating capacity across nuclear, natural gas, geothermal, hydro, wind, and solar.

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: 13 Companies that Just Started Paying Dividends and 12 Best Stocks to Buy for the Long Term.

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