Did Jim Cramer Get These 10 Predictions Right or Wrong?

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5. Constellation Energy Corporation (NASDAQ:CEG)

Number of Hedge Fund Holders: 85

Constellation Energy Corporation (NASDAQ:CEG) had been a long-time favorite of Cramer, and in that older episode he updated his bullish thesis following another blowout quarter that sent the stock to new highs. He reiterated his belief in the nuclear energy play with:

“There is no utility I like more than Constellation Energy. […] I’ve been recommending it practically the whole way, starting when it was trading at 53 and change. […] The story just keeps getting better. […] Probably one of the greatest growth stories of our time. […] Believe it or not, they managed to surprise expectations again — in fact, this is one of the single best reports that we’ve seen this earnings season. […] The new key metric — operating earnings — came in at $1.82 per share. Wall Street was only looking for $1.30. Isn’t that incredible? […] Constellation also added another billion dollars to its buyback, bringing the total authorization to $3 billion. They’ve already repurchased $1.5 billion worth of stock so far this year. […] This is such a reindustrialization story — the data economy and Constellation’s nuclear energy go together like peanut butter and jelly. […] CEO Joe Dominguez said his company’s ‘in advanced conversations with multiple clients — large, well-known companies — about powering their needs.’ […] Constellation Energy’s been one of my single greatest picks in recent years. […] Forgive me if I remain bullish on Constellation Energy even after the stock has rocketed higher. […] We somehow still seem to be in the early days of the story.”

His conviction paid off again, as Constellation surged 36.49% since then.

Constellation Energy Corporation (NASDAQ:CEG) is a power generation company focused on clean energy, primarily operating nuclear plants and serving large-scale industrial and data center clients.

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