BlackRock’s 30 Most Important AI Stocks Right Now

16. Constellation Energy Corp. (NASDAQ:CEG)

Weight in ARTY ETF: 1.72%

Number of Hedge Fund Holders: 79

Constellation Energy Corp. (NASDAQ:CEG) is one of BlackRock’s 30 most important AI stocks right now.

On June 26, Constellation Energy Corp. (NASDAQ:CEG) submitted applications for license renewal to the NRC for Nine-Mile Point Unit 1 and Ginna Clean Energy Center in New York. This submission will extend the secure and reliable operations of both plants through mid-century, demonstrating that New York State’s renewed Zero Emissions Credit (ZEC) program is fulfilling its intended purpose.

The company’s President and CEO, Joe Dominguez, praised the Governor and Public Service Commission for recognizing the importance of New York’s upstate nuclear fleet, which provides safe, reliable, and zero-emission electricity, and for taking action to keep those assets in operation. He went on to state that Constellation’s four upstate nuclear units together provide nearly half of New York’s clean energy and generate thousands of family-sustaining jobs and contribute significant amounts of revenue to local communities in the form of taxes.

In addition, the renewal of ZEC will help to save customers over $50 billion by the year 2050, provide an additional $38 billion for the New York State economy, and secure 14,000 good-paying permanent local jobs.

Constellation Energy Corp. (NASDAQ:CEG) is involved in the generation and sale of electricity and other forms of energy. It operates several power generation assets, including nuclear, wind, solar, natural gas, and hydroelectric. The company serves industrial, residential, commercial, and public sector customers.