This article compares Constellation Energy (CEG) and GE Vernova (GEV) as data centers and AI drive demand for reliable carbon-free power. Constellation is described as the largest U.S. producer of carbon-free energy, serving about 2.5 million customer accounts and holding nuclear power agreements with Microsoft and Meta. For FY 2025, Constellation reported revenue of nearly $25.5 billion (up roughly 8.3%), net income near $2.3 billion, a net margin of about 9.1% versus nearly 15.9% in FY 2024, and free cash flow near $1.3 billion. GE Vernova reported FY 2025 revenue near $38.1 billion (up roughly 8.9%), net income of about $4.9 billion, a net margin near 12.8%, and free cash flow near $3.7 billion. The author favors Constellation Energy, while the article notes risks such as wholesale power price volatility for Constellation and competition from Siemens Energy and Mitsubishi Electric for GE Vernova.
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