Constellation Energy (NASDAQ:CEG) -3% in Wednesday's trading as Citi downgraded shares to Neutral from Buy, citing limited near-term upside following the stock’s recent rally and news of its power purchase agreement with Meta.

Constellation Energy Corp (NASDAQ: CEG) fell 3% on Wednesday after analysts estimated it won’t receive a high premium for its electricity from its deal with Meta Platforms Inc (NASDAQ: META). Meta has agreed to buy about 1.

CompanyOverview|NASDAQ:CEG] Before the market's open on June 3, Constellation Energy (NASDAQ: CEG), a nuclear energy giant, announced a new deal with AI hyperscaler Meta Platforms (NASDAQ: META). This comes just days after a report from the Wall Street Journal stated that Meta aims to allow marketers to fully automate ad creation by the end of 2026.