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Vistra price target raised to $244 from $230 at BMO Capital
Yahoo Finance· 2026-01-13 12:26
Core Viewpoint - BMO Capital has raised the price target for Vistra (VST) to $244 from $230 while maintaining an Outperform rating on the shares, indicating a positive outlook on the company's future performance [1]. Group 1: Company Developments - Vistra has entered into 20-year Power Purchase Agreements (PPAs) with Meta Platforms (META) for approximately 2,600MW of energy/capacity from its three nuclear plants in the PJM region, aimed at supporting Meta's data centers [1]. - The announcement emphasizes the significance of additionality in energy supply, which is crucial for sustainability and meeting future energy demands [1]. Group 2: Political and Market Context - The agreements have received endorsements from various regional politicians, highlighting the political support for Vistra's initiatives and the importance of collaboration between energy providers and tech companies [1].