Constellation Energy (CEG) Has To "Cool Off," Says Jim Cramer

We recently published 15 Stocks Jim Cramer Mentioned As He Said Quantum Computing Worried Him. Constellation Energy Corporation (NASDAQ:CEG) is one of the stocks Jim Cramer recently discussed.

Constellation Energy Corporation (NASDAQ:CEG) factored into the discussion surrounding speculative stocks. Quantum computing and nuclear stocks were two categories that Cramer was worried about during the show. For nuclear power, he asserted that these projects have long development timelines. Constellation Energy Corporation (NASDAQ:CEG)’s shares have gained 37% year-to-date, and the firm has benefited from big tech’s push to use nuclear power for AI data centers. Cramer discussed the share price:

“Constellation is one that I think has to cool off. Because that’s very conservative, you know that’s, nuke. And I think nuke is a little aggressive. That 329, I wouldn’t buy that, I wouldn’t pay 329 for that stock. And I happen to love the company. It’s just that that’s too high! It’s all nuke, nuke, nuke.”

Constellation Energy Corporation (NASDAQ:CEG) has close to 32,000 megawatts of power generation capacity, which makes it one of the biggest players in the industry. Cramer’s previous comments about the firm came in March when he compared it to alcoholic beverages firm Constellation Brands:

“Cause there’s two Constellations. There’s the good Constellation [Constellation Energy] and the bad Constellation [Constellation Brands].”

While we acknowledge the potential of CEG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.