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Billionaire investor Dan Loeb's hedge fund, Third Point, acquired 475,000 shares of Constellation Energy (CEG) valued at $167.8 million. Constellation, based in Baltimore, is a major electricity producer in the U.S. with a focus on nuclear and renewable energy.

The company's market cap is $106.5 billion, and it reported significant revenue growth in Q3. Analysts project an EPS increase of 7.7% in 2025 and 21.5% in 2026, making its forward P/E ratio of 26.7 attractive for investors.