Is It Too Late to Buy This Energy Dividend Stock at New Highs?

In the past year, the commitment to nuclear energy has intensified globally, with over 20 countries at COP28 pledging to triple nuclear capacity by 2050 to slash carbon emissions and enhance energy security. This is in response to an expected annual rise in global electricity demand of 3.4% until 2026. The International Energy Agency (IEA) even predicts that nuclear power generation will reach record highs by 2025, thanks to new reactors in China and India and restarts in Japan and Europe. 

Amid this nuclear renaissance, Constellation Energy Group (CEG) is making significant waves. As the largest producer of carbon-free energy in the U.S., CEG boasts an impressive portfolio that includes nuclear plants and renewable energy sources like hydro, wind, and solar. The company's stock has soared to new highs in 2024, driven by robust earnings and growing investor interest in nuclear as a dependable and clean energy source.