Could Buying Constellation Energy Today Set You Up for Life?
Constellation Energy (NASDAQ: CEG) , one of the largest independent power producers in the U.S., was spun off from Exelon (NASDAQ: EXC) in an IPO on Feb. 2, 2022. It opened at $50.04 per share, but it now trades at about $255. Let's see why Constellation became a multibagger stock -- and if buying it today will still set you up for life over the next few decades. Image source: Getty Images. Constellation operates nuclear, natural gas , oil, geothermal, hydro, wind, and solar facilities with a total capacity of 55 GW. Its nuclear fleet , the largest in the United States, accounts for 22 GW of that total and fuels most of its profit growth. Continue reading