Constellation Energy secured a major order from Meta but was downgraded by Citigroup to "Neutral."

Citigroup downgraded Constellation Energy's rating from "Buy" to "Neutral," citing recent stock price increases and the power purchase agreement with Meta limiting short-term upside potential. Analyst Ryan Levine noted that the power purchase agreement adds approximately $12 per share in value but fails to significantly enhance the premium for low-carbon nuclear energy. Although the deal has broad implications for the power market, most of the gains have already been reflected in the stock price, and there are risks such as power price volatility and policy uncertainty