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.

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,

Citi downgrades Constellation Energy after securing a 20-year nuclear power deal with Meta. The investment bank believes there’s limited near-term upside for the stock. Citi also downgraded the outlook for Constellation Brands from Buy to Neutral.