Citi keeps a Buy rating on Constellation Energy (CEG) after Reuters reported the Crane grid connection is being delayed from 2027 to 2031. Citi’s cell phone activity tracker shows the activity as well as company comments suggest otherwise, the analyst tells investors in a research note. Citi says that barring a major development in the last few days, plant workers or Constellation’s regulatory team do not appear to be expecting a meaningful delay to the 2027 restart.
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