Bank of America: Meta's nuclear power deal in 2020 is expected to boost performance, maintains "buy" rating on Constellation Energy.

Fintech News APP learned that Bank of America issued a research report, maintaining a "buy" rating on Constellation Energy (CEG.US) with a target price of $318. The bank stated that earlier Constellation signed a 20-year power purchase agreement (PPA) with Meta (META.US), involving the nuclear power output of the Clinton Clean Energy Center in Illinois, which is expected to boost Constellation's performance.