This article uses the TipRanks Compare Top Data Center Stocks tool to spotlight three data center-related names that hold significant upside and carry a Strong Buy rating from Wall Street: Constellation Energy (CEG), GE Vernova (GEV), and Eaton Corporation (ETN).
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Forget margin or options. Here's how the pros trade CEGThese firms are lesser-known businesses that support Big Tech’s AI buildout through their services, including the management of physical infrastructure.
Constellation Energy (CEG)
Constellation Energy is a Maryland-based company that generates and sells electricity, natural gas, renewable energy, and other energy-related products and services. The firm serves a broad range of customers, including commercial, industrial, and governmental users.
Its services have become more important as the demand for electricity to power data centers and other AI infrastructure remains elevated.
Constellation Energy’s shares are down about 22% since the start of the year, yet analysts still consider CEG stock a Strong Buy. This is based on an average price target of $375.80 that implies roughly 36% upside in the months ahead.
GE Vernova (GEV)
This is a Massachusetts-based power generation and electrification infrastructure company. It generates power from hydro, gas, nuclear, and steam power sources and markets products such as transformers, switchgear, and grid systems.
GE Vernova’s shares are up about 64% year-to-date and carry a Strong Buy consensus rating. This comes with an average price target of $1,240.30 that implies roughly 16% upside.
Eaton Corporation (ETN)
This is an Irish power management company based in Dublin. It sells a wide range of products for the electrical, industrial, and aerospace industries. Its lineup includes products such as circuit breakers and fuses, control panels, transformers, power distribution units, surge protection devices, hydraulics, and aerospace systems.
Shares in Eaton have jumped by more than 28% since the start of the year. Analysts see about 11% upside ahead for the company and have a Strong Buy rating on the stock. This is based on an average price target of $451.67.
