Is Constellation Energy Stock a Buy Now?

The artificial intelligence (AI) revolution is driving surging energy demand that will persist for years to come. According to Goldman Sachs, data centers are projected to consume 8% of the U.S.'s total electricity by 2030, up from just 3% three years ago.This skyrocketing demand isn't limited to AI. According to research by the Bank of America Institute, overall U.S. electricity consumption is expected to grow 2.5% compounded annually over the next 10 years, up from 0.5% compound annual growth in the decade before.Amazon, Google's parent company Alphabet, Meta Platforms, and Microsoft are pouring substantial resources into building data centers, which will have significant energy needs. This bodes well for utility provider Constellation Energy (NASDAQ: CEG). But with the stock up 72% year to date, is it a good buy today? Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool