Is Constellation Energy Corporation (CEG) A Top Growth Stock in Billionaire Philippe Laffont’s Portfolio?

Constellation Energy Corporation (NASDAQ:CEG) is one of the top growth stocks in billionaire Philippe Laffont’s portfolio. On April 4, analysts at Barclays reiterated Constellation Energy Corporation (NASDAQ:CEG) with an Overweight and raised the price target to $360 from $356.

Is Constellation Energy Corporation (CEG) A Top Growth Stock in Billionaire Philippe Laffont's Portfolio?

Energy transmission lines. Photo by Snapwire on Pexels

The price target hike comes on the heels of Constellation Energy reiterating that it expects its 2026 earnings to come in at between $11 and $12 a share. According to Barclays, the earnings guidance appears conservative as it expects it to track towards $19 per share in 2029.

In addition to earnings growth, Constellation Energy plans $3.9 billion in capital spending in 2026. The company has also raised its share buyback authorization to $5 billion as it moves to meet growing demand for clean electricity in the US. The company is well-positioned to capitalize on strong US power demand after hitting a record high in 2025 due to rapid build-out in data centers for AI and cryptocurrency.

Constellation Energy Corporation (NASDAQ:CEG) is the largest producer of carbon-free energy in the U.S., generating and selling electricity and natural gas to commercial, industrial, and residential customers. They operate a massive fleet of nuclear, wind, solar, and hydro assets, and provide energy management services and sustainable solutions.

While we acknowledge the risk and potential of CEG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CEG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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