14 Best NASDAQ Stocks to Buy According to Hedge Funds

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10. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Holders: 79

Constellation Energy Corporation (NASDAQ:CEG) is one of the best NASDAQ stocks to buy according to hedge funds. On September 29, Constellation announced the election of Alan S. Armstrong to its board of directors, with his appointment becoming effective on January 1, 2026. Armstrong is currently the executive chairman of the board of directors for Williams, a major US energy infrastructure company primarily focused on natural gas.

Prior to this role, he served as Williams’ president and CEO for 14 years before being named board chair earlier in 2025. Armstrong brings nearly 40 years of experience at Williams, having joined the company in 1986 as an engineer and later holding numerous operational and commercial roles. Before becoming CEO in 2011, he led the company’s North American midstream and olefins businesses as Senior Vice President – Midstream.

His deep industry knowledge is considered invaluable to Constellation as it moves to integrate America’s largest natural gas portfolio, acquired through its deal with Calpine, into its generation fleet. Armstrong also serves as chair of the National Petroleum Council and is a founding member of Natural Allies for a Clean Energy Future, in addition to being a board member for BOK Financial Corp. He holds a bachelor’s degree in civil engineering from the University of Oklahoma.

Constellation Energy Corporation (NASDAQ:CEG) produces and sells energy products and services in the US. It has five segments: Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions.

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