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BTCC / BTCC Square / Global Cryptocurrency /
Citi Downgrades Constellation Energy Post-Meta Deal, Sees Limited Upside

Citi Downgrades Constellation Energy Post-Meta Deal, Sees Limited Upside

Author:
Global Cryptocurrency
Published:
2025-06-05 01:05:01
19
2

Citi has downgraded Constellation Energy (CEG) from Buy to Neutral following its power purchase agreement with Meta, citing limited near-term upside after the stock's recent rally. Shares fell 2.6% in premarket trading as the market priced in the 20-year VIRTUAL PPA at Clinton nuclear plant.

The deal, set to commence in June 2027 at $70-$95/MWh, adds approximately $12/share in value but fails to provide a meaningful premium for nuclear power. Analyst Ryan Levine noted the absence of geographic proximity requirements as a distinctive feature, suggesting this transaction could reshape power contracting dynamics.

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