Top 5 Utility Stocks to Buy Now

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1. Constellation Energy Corporation (NASDAQ:CEG)

Stock Upside Potential: 29.20%

Number of Hedge Fund Holders: 76

Constellation Energy Corporation (NASDAQ:CEG) is one of the top utility stocks to buy now. On March 25, Constellation Energy Corporation (NASDAQ:CEG) confirmed the completion of $90 million in equipment upgrades at the Calvert Cliffs Clean Energy Center.

Completion of the upgrades at the only nuclear plant in Maryland has had a significant impact on the Calvert County area. That’s because the power plant powers more than 1.3 million homes with emission-free energy while creating thousands of jobs and economic opportunity. The nuclear energy facility contributes about $21 million annually in property taxes while employing more than 800 full-time employees.

The upgrades come on the heels of Constellation Energy confirming that it entered 2026 well-positioned to support America’s growing demand for reliable and clean energy. The company operates the nation’s largest fleet of nuclear, natural gas, and geothermal generation assets.

Consequently, the company expects strong, durable earnings growth of more than 20% through 2030. It also plans to add approximately 9,300 megawatts of capacity through license extensions, incremental generation, and customer-focused demand solutions.

Constellation Energy Corporation (NASDAQ:CEG) is the largest U.S. producer of clean, carbon-free energy and a leading supplier of electricity and natural gas. It operates the nation’s largest nuclear fleet, alongside solar, wind, and hydro assets, generating 10% of America’s emissions-free electricity.

While we acknowledge the potential of CEG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CEG and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 12 Best Data Center Stocks to Buy Right Now and Top 10 Growth Stocks in Billionaire Philippe Laffont’s Portfolio.

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