5 Stocks That Can Still Skyrocket On The Neo Cloud Boom 

2. Constellation Energy Corporation (NASDAQ:CEG)

Potential Upside: 54.2%

Constellation Energy Corporation (NASDAQ:CEG) is one of the energy companies solving the power bottleneck that AI infrastructure currently faces. The company’s stock has underperformed the broader market over the last year, but recent analyst sentiment and news suggest things might take a turn for the better soon. At the beginning of this month, Wells Fargo reaffirmed its price target on the stock to $516, which is also the highest price target on Wall Street.

In addition, US energy regulators advanced plans to restart the Three Mile Island nuclear power plant, allowing the company to transfer certain grid rights from its Eddystone plant to the Three Mile Island facility, which is intended to serve Microsoft’s data center energy needs. The regulatory progress on this front, as this is a 20-year agreement, should provide stable cash flow in the future. The company also has a similar 20-year power purchase agreement with Meta Platforms. Till the end of 2029, management expects the company to generate more than $20 billion in free cash flow, and lower regulatory hurdles will go a long way in helping it achieve that.

Constellation Energy Corporation (NASDAQ:CEG) operates as a producer and seller of energy products and services across the United States. It operates in the New York, Mid-Atlantic, ERCOT, Midwest, and Other Power Regions segments. The company provides energy-related products, electricity, natural gas, and sustainable solutions.