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,

KEY TAKEAWAYS Constellation Energy shares are surging in early trading Tuesday after the company said it had struck a 20-year deal to sell nuclear power to Meta Platforms, in the latest tech firm-to-nuclear tie-up aimed at powering data centers.

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.