Constellation Energy is trading 4.1% down at $258.89 as energy stocks broadly decline following a plunge in crude oil prices.
- Crude oil is dropping significantly as geopolitical risk premiums evaporate amid easing tensions between the U.S. and Iran.
- The downward move follows a price target trim from Wells Fargo, which lowered its outlook on the stock to $362 yesterday.
- While the revised target still implies sizable upside, analysts noted a lack of fresh positive catalysts to offset today's broader sector-wide pressure.