Constellation could hash out similar deals with other hyperscalers, but it is a “high risk” investment, notes Citi’s Ryan Levine.

Facebook parent Meta announced an unprecedented deal with Constellation Energy, the largest American nuclear power plant operator, cementing Meta’s turn to turn to nuclear energy to power its energy intensive,

Constellation Energy downgraded to Neutral from Buy at Citi, citing limited near-term upside following the stock’s recent rally and news of its power purchase agreement with Meta.