Billionaire investor Dan Loeb's prominent hedge fund, Third Point, recently disclosed that in the fourth quarter it had acquired 475,000 shares of a huge electricity producer, Constellation Energy (CEG), for $167.8 million. Given data centers' huge appetite for electricity and Constellation's ability to cater to their needs, CEG looks like a good buy for certain types of investors in particular at this point.
Additionally, CEG looks well-positioned to benefit from Washington's multifaceted views on energy, and the stock's valuation is attractive.
