12 Most Promising Clean Energy Stocks According to Wall Street Analysts

11. Constellation Energy Corporation (NASDAQ:CEG) 

Number of Hedge Fund Holders: 79

Street-High Upside Potential: 11%

Constellation Energy Corporation (NASDAQ:CEG) has built an impressive clean energy portfolio over the past few years, centering the business around nuclear power and inking 20-year PPAs with technology giants for data center needs. The hydroelectric portfolio of the firm is also expanding. Latest reports indicate that it has signed an agreement with the state government in Maryland to fund and implement operational improvements and environmental projects at the Conowingo Dam. The commitments are valued at more than $340 million and clear the way for the re-licensing and continued operation of the hydroelectric facility on the Susquehanna River, which is the largest source of renewable energy in the state.

In late September, Scotiabank analyst Andrew Weisel initiated coverage on the stock with an Outperform rating and $401 price target. In an investor note, the analyst presented a bullish fundamental view on the independent power producers’ group, citing a robust outlook for electricity demand and strong cash flow generation. Weisel further added that Constellation Energy Corporation (NASDAQ:CEG) is an industry leader on almost every metric in a sector seeing unprecedented demand.