Constellation Energy Corporation (CEG) has been on a remarkable run this year. The stock has surged 72.2% year-to-date, outpacing the broader market. As the largest owner of nuclear plants in the U.S., CEG is benefiting from a growing demand for clean energy solutions, particularly nuclear power.
The technology sector’s increasing reliance on nuclear energy to meet the power demands of data centers, especially those supporting AI and advanced technologies, has further bolstered the company’s prospects. To position itself for sustained growth, CEG has planned to invest approximately $5.1 billion over the 2024-2025 period to enhance its infrastructure and secure essential nuclear fuel.
