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Is Constellation Energy Corporation (CEG) the Best Environmental Stock to Buy?


Published on 2025-02-10 16:21:12 - MSN
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  • We recently published a list of 10 Best Environmental Stocks to Buy. In this article, we are going to take a look at where Constellation Energy Corporation (NASDAQ:CEG) stands against other best environmental stocks to buy.

The article from MSN Money discusses whether Constellation Energy Corporation (CEG) is the best environmental stock to invest in. It highlights that CEG, which was spun off from Exelon in 2022, focuses on clean energy production, primarily through nuclear power, which accounts for about 60% of its capacity, alongside renewable sources like wind, solar, and hydro. The company has committed to achieving 95% carbon-free electricity generation by 2030 and 100% by 2040. Despite its environmental focus, the article notes that CEG's stock has not performed as well as some other clean energy stocks, with a year-to-date increase of about 10% compared to competitors like NextEra Energy, which saw a 30% rise. The piece also mentions CEG's strategic moves like acquiring a nuclear plant in Texas and its potential for growth in the clean energy sector, suggesting that while it might not be the top performer currently, its long-term environmental commitments could make it an attractive investment for those interested in sustainable energy.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/is-constellation-energy-corporation-ceg-the-best-environmental-stock-to-buy/ar-AA1yLJim ]