Constellation Energy (CEG) Stock

Utilities are currently experiencing growth due to the demand from Bitcoin mining and AI/data centers, with Constellation Energy Corp. (CEG) expected to keep rising after a recent dip. The company's positive momentum is backed by important technical levels, an increasing 20-day EMA, and better indicators such as PPO and Chaikin Money Flow. With ongoing demand from data centers and nuclear energy, Constellation is likely to see its earnings per share grow by 8% or more each year.

Nuclear energy is at the forefront of the worldwide effort to create a low-carbon, environmentally friendly, and more sustainable energy future.

Recently, Zacks.com users have shown a lot of interest in Constellation Energy Corporation (CEG). As a result, it's important to understand the factors that could affect the stock's future performance.

The restart of Three Mile Island could be a significant moment for the nuclear industry, which previously dealt with many plant shutdowns because of financial issues. This year, the industry's situation has changed greatly as the technology sector is looking to nuclear power to supply the electricity needed for artificial intelligence.

Here are three AI stocks to consider buying during the current dip, excluding Nvidia: Taiwan Semiconductor, Constellation Energy, and Micron.

Constellation Energy Corporation's stock has experienced fluctuations because of regulatory worries, but the demand for power is increasing. The company is expanding its capacity by restarting and upgrading plants and expects to see a 13% annual growth in operating earnings until 2030. Concerns about policy effects appear to be unfounded, as there is bipartisan backing for nuclear energy and a rising need for data centers.

Lately, users of Zacks.com have been focusing on Constellation Energy Corporation (CEG). This interest prompts a closer look at what the stock might offer.

TORONTO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Cerro Grande Mining Corporation (the “Company” or “CEG”) (CSE:CEG) has announced that Mario Hernandez has chosen to resign from the Board of Directors and all other roles within CEG after many years of service. Mr. Hernandez has been a Board member since 1997, offering valuable support and guidance to the Company throughout his tenure. The Board expresses its gratitude to Mr. Hernandez for his long and committed service and wishes him well in the future.

Constellation Energy Corporation (NASDAQ:CEG) will hold its Q3 2024 Earnings Conference Call on November 4, 2024, at 10:00 AM ET. The call will feature company representatives, including Emily Duncan, Joseph Dominguez, and Daniel Eggers, along with analysts from various financial firms. Currently, all participants are in listen-only mode.