Jim Cramer Says Constellation Energy is a Good Company but “It’s Up Too Much”

Core Insights - Constellation Energy Corporation (NASDAQ:CEG) is recognized for its significant profitability and growth, although there are concerns about its current high stock price [1] - The company is a major player in the U.S. electric utility sector, primarily focusing on nuclear energy and is the largest producer of carbon-free electricity in the country [1] - Constellation Energy's generation capacity exceeds 32 GW, with 90% of its annual output being carbon-free, indicating a strong commitment to sustainable energy [1] - The stock has seen positive momentum due to optimism surrounding data center deals, which has contributed to its share price increase [1] Company Overview - Constellation Energy Corporation generates and supplies electricity, natural gas, and sustainable energy solutions, utilizing nuclear, wind, solar, and hydroelectric sources [1] - The company serves multiple states, including New York, Illinois, Maryland, Pennsylvania, and New Jersey [1] Investment Perspective - While Constellation Energy is viewed as a solid investment, there are suggestions that certain AI stocks may present greater upside potential with less downside risk [1]