Constellation Energy (CEG) Stock

Constellation Energy is set to gain from the increasing energy demand caused by the AI boom and the growth of data centers, aiming for a 13% annual growth in earnings per share until 2030. The company is making advancements by investing in nuclear upgrades, small modular reactors, and renewable energy, even though it faces some regulatory challenges. With a solid financial position, indicated by a BBB+ credit rating and low debt, Constellation Energy is impressive, but its high price-to-earnings ratio of 29.3 may restrict short-term gains.

Today's Big 3 focuses on the A.I. market, with Joe Tigay discussing the positive trends in Constellation Energy (CEG), Nvidia (NVDA), and Alphabet (GOOGL).

BALTIMORE--(BUSINESS WIRE)--Constellation (Nasdaq: CEG), the biggest producer of carbon-free energy in the U.S., has released a statement regarding the U.S. Treasury Department's change in its earlier decision. This change now allows existing nuclear plants that produce clean hydrogen to qualify for federal tax credits under Section 45V of the Inflation Reduction Act. "We are happy to see the U.S. Treasury Department's new direction, as the final rule permits a significant portion."

On January 2, 2025, Constellation Energy's NASDAQ: CEG stock rose by more than 8% after the announcement of significant contracts with the U.S. government. This rise in stock price highlights the company's increasing importance in the clean energy industry and suggests a possible shift in the future of nuclear energy as a sustainable option.

On the first trading day of 2025, the US market averages (^DJI, ^IXIC, ^GSPC) ended in the red, marking their fifth consecutive day of losses. The Dow Jones Industrial Average experienced the largest decline, falling by 0.35%, which nearly dashed Wall Street's hopes for a last-minute rally. Julie Hyman, host of Market Domination Overtime, reviews some of the best-performing stocks from 2024 as they wrap up the first session of the new year.

Constellation Energy's shares (CEG) jumped on Thursday after the company revealed two contracts with the federal government that are valued at more than $1 billion.

As the need for A.I. technology grows, major tech companies are looking at nuclear energy as a possible eco-friendly option to power their next-generation innovations.

By the beginning of 2025, renewable energy is expected to account for over a third of the world's electricity production. You might want to think about investing in CEG, EE, and GEVO.

It is widely anticipated that the fast expansion of artificial intelligence will lead to a demand for electricity in data centers that could rise by as much as 160% by the end of this decade.