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From appliances and lighting to computers, entertainment, climate control, and more – all draw on that steady flow of electricity. And that’s just within the home. In cities, where industry, utilities, and communication networks operate on a massive scale, demand for electricity multiplies rapidly. Even if the broader transition away from fossil fuels toward carbon-neutral electrification stalls, electricity will remain a critical resource with demand that shows no sign of easing.Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.A new report from Scotiabank analyst Andrew Weisel lays out the case for turning high electrical demand into a bonanza for investors.“We have a bullish fundamental view on the group, driven by a robust outlook for electricity demand coupled with downside protection and strong balance sheets/cash flow generation,” the analyst said. “Demand is coming not only from high-profile data centers and electrification, but also from manufacturers and other sources, and though competition is high, both among IPPs and with regulated utilities, we believe that there is more than enough to go around, even assuming that macro forecasts are meaningfully overstated and even if the economy ultimately slows some. Importantly, the IPP paradigm has shifted, allowing investors to focus on upside opportunities rather than downside risk.”Weisel follows up on this stance with recommendations on two utility-scale power producer stocks. According to the data at TipRanks, both get Buy ratings from the Street and present double-digit upside potentials. Here’s a closer look.Constellation Energy (CEG)The first stock we’ll look at, Constellation Energy, is the largest producer of carbon-free power in the US market. The company describes itself as a leader in providing competitively priced power supplies and energy products on the retail market, to homes and businesses. The company, set up as an independent entity in 1999, currently boasts a market cap of nearly $106 billion and is headquartered in Baltimore, Maryland.Today, Constellation generates more than 32,400 megawatts of power from nuclear, wind, solar, hydroelectric, and natural gas sources. As noted, this portfolio puts the company in the #1 spot among carbon-free producers; it also accounts for approximately 10% of the carbon-free electricity generated in the US. The company supplies power to millions of customers in the residential and commercial sectors, as well as to institutional customers and public sector agencies. Approximately three-fourths of the Fortune 100 companies are on Constellation’s customer list.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,643.70 +38.98 (+0.59%)Dow 3046,247.29 +299.97 (+0.65%)Nasdaq22,484.07 +99.37 (+0.44%)Russell 20002,434.32 +23.28 (+0.97%)VIX15.29 -1.45 (-8.66%)Gold3,809.00 +37.90 (+1.01%)PortfolioSign in to access your portfolioSign inTop gainersCRNX Crinetics Pharmaceuticals, Inc. 45.91 +10.02 (+27.92%)QMMM QMMM Holdings Limited 119.40 +19.40 (+19.40%)EA Electronic Arts Inc. 193.35 +25.03 (+14.87%)SRRK Scholar Rock Holding Corporation 38.75 +4.26 (+12.35%)PPTA Perpetua Resources Corp. 21.16 +2.16 (+11.37%)Top losersCNXC Concentrix Corporation 47.66 -7.33 (-13.33%)MP MP Materials Corp. 68.63 -8.50 (-11.02%)KC Kingsoft Cloud Holdings Limited 15.64 -1.83 (-10.48%)IREN IREN Limited 41.86 -4.43 (-9.57%)OKLO Oklo Inc. 110.53 -8.60 (-7.22%)Most activeINTC Intel Corporation 35.50 +1.51 (+4.44%)OPEN Opendoor Technologies Inc. 8.81 -0.28 (-3.08%)SNAP Snap Inc. 8.27 -0.06 (-0.72%)NVDA NVIDIA Corporation 178.19 +0.50 (+0.28%)F Ford Motor Company 12.01 +0.39 (+3.36%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersFWONK Formula One Group 104.93 +0.97 (+0.93%)PPL PPL Corporation 36.72 +0.56 (+1.55%)FIG Figma, Inc. 52.91 -1.48 (-2.72%)XRP-USD XRP USD 2.78 -0.01 (-0.34%)PSTV Plus Therapeutics, Inc. 0.6171 +0.0541 (+9.61%)Top economic events