5 Best Nuclear Energy Stocks to Buy for Dividends

4. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Holders: 76

Constellation Energy Corporation (NASDAQ:CEG) is the largest provider of clean, low-carbon energy in the United States. The company also operates the largest fleet of nuclear facilities in the country.

On April 24, Evercore ISI resumed coverage of Constellation Energy Corporation (NASDAQ:CEG) with an ‘Outperform’ rating and a price target of $380, indicating an upside potential of over 21% from the current share price.

The analyst highlighted Constellation Energy Corporation (NASDAQ:CEG)’s blockbuster $26.6 billion acquisition of Calpine, which it completed in January this year. The combined platform now boasts 55 gigawatts of capacity from zero- and low-emission sources, including nuclear, natural gas, and geothermal. According to the management’s estimates, this represents an approximate 10% share of the total clean energy produced in the US.

Constellation Energy Corporation (NASDAQ:CEG) is targeting adjusted earnings of $11-$12 per share for FY 2026. The company has forecasted a base earnings CAGR of 20% during 2026-29, with growth capital expenditures amounting to $3.9 billion. Moreover, the utility also increased its share repurchase plan to $5 billion last month.