13 Best Energy Stocks to Buy Right Now

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7. Constellation Energy Corporation (NASDAQ:CEG)

No. of Hedge Fund Holders: 85

Constellation Energy Corporation (NASDAQ:CEG) is the largest producer of carbon-free energy in the US with approximately 34.2 GW of generating capacity, enough to power 16 million homes and businesses.

Constellation Energy Corporation (NASDAQ:CEG) missed profit estimates in Q1 2025 as its adjusted EPS of $2.14 fell below expectations by $0.08, primarily due to the rising costs it incurred to build and operate its electricity infrastructure. However, the company’s revenue surged by over 10% YoY to $6.79 billion and beat forecasts by a hefty $1.35 billion. CEG also recently declared a quarterly dividend of $0.3878 per share and reiterated that it still has about $1 billion left in its buyback authorization program.

Constellation Energy Corporation (NASDAQ:CEG) also revealed that its $26.6 billion acquisition of Calpine Corp. is on track to be completed by the end of the year, which will create the ‘nation’s largest clean energy provider’, boasting nearly 60 GW of capacity from zero- and low-emission sources. Calpine will add at least $2 in EPS and $2 billion of free cash flow before growth, starting next year.

Constellation Energy Corporation (NASDAQ:CEG) expects a 1-2% impact of President Trump’s tariffs on its capex plan for 2025 and 2026. The company also stated that it is moving ahead with power deals with data centers, including with the reopening of the former Three Mile Island nuclear reactor.

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