This article compares Constellation Energy (CEG), Vistra (VST) and GE Vernova (GEV) as plays on AI-driven power demand. Electricity demand is expected to grow 60% between 2025 and 2045, after a 10% rise from 2005 to 2025, and the three stocks trade at P/E ratios of around 24x. Constellation is nearly twice Vistra's size, is the largest nuclear power plant operator in the U.S., and has a debt-to-equity ratio of 0.8x versus Vistra's 3.6x. GE Vernova, which makes power turbines with a $176 billion backlog at the end of Q2 2026, is described as the more growth-oriented choice, while Constellation is seen as better suited to conservative investors.
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artificial intelligenceelectricitynuclear powervaluation
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NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
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