Constellation has surged 62% year to date to become the sixth-best performing stock in the S & P 500 , while Vistra has more than doubled to become the second-best performing stock, only slightly behind AI chipmaker Nvidia .
Constellation owns the largest nuclear fleet in the U.S., operating 21 of the country's 93 reactors.
Campanella sees the recent pullback of Constellation's stock, down 12% over the past month, as an attractive buying opportunity.
Constellation and Vistra have substantial catalysts on the horizon that are not factored into their guidance, as tech companies shop for nuclear reactors to power their energy-hungry data centers , according to the analysts.
Constellation is also exploring the possibility of restarting reactor Unit 1 at Three Mile Island in Pennsylvania, which ceased operations in 2019, as demand for nuclear energy grows.
Persons:
Vistra, Barclay's, Nicholas Campanella, Campanella, James Thalacker, Joe Dominguez, Jim Burke
Organizations:
Constellation Energy, Vistra Corp, Constellation, Nvidia, Barclays, BMO Capital Markets, BMO
Locations:
U.S, Pennsylvania