Constellation Energy Corporation (CEG) is a large-cap renewable energy company with a market cap of $113.8 billion. Despite slipping from its 52-week high, CEG stock has outperformed the Utilities Select Sector SPDR Fund. CEG’s nuclear power positions it for growth, with multiple agreements boosting shares by over 22%.

CEG’s recent Q3 results saw its shares close up more than 2%, with adjusted EPS increasing year over year. The company’s rival, Brookfield Renewable Partners L.P., has seen gains lag behind CEG. Wall Street analysts are bullish on CEG, with a consensus “Moderate Buy” rating and a mean price target suggesting a potential upside of 10.3%.

With a diverse energy portfolio including nuclear, wind, solar, and hydroelectric assets, CEG is strategically positioned in the market. The company has secured agreements with AI hyperscalers, like Microsoft Corporation, and boasts the U.S.’s most significant nuclear fleet capacity. CEG’s bullish trend is confirmed by trading above its moving averages since early May.

Read more at Yahoo Finance: How Is Constellation Energy’s Stock Performance Compared to Other Utilities Stocks?