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Vistra gains on $1.9 bln natural gas facilities deal

ReutersMay 16, 2025 12:45 PM

Shares of utility co Vistra Corp VST.N up 3.6% premarket to $157.51 after acquisition news

Irving, Texas-based Vistra said late Thurs it would buy seven natural gas generation facilities from Lotus Infrastructure Partners for $1.9 bln, to help meet growing power demand

Gas plants are located across PJM market, in New England, New York and California

PJM Interconnection is a regional transmission organization that coordinates wholesale electricity movement in parts of the Eastern U.S., spanning parts of 13 states from Illinois to New Jersey

Vistra said transaction expected to close in late 2025 or early 2026, subject to certain regulatory approvals, including from the FERC and the DOJ

Through Thurs close, VST shares up 10% YTD vs nearly 7% gain in S&P 500 Utilities index .SPLRCU

Of 17 analysts covering VST, recommendation breakdown is 15 "strong buy" or "buy" and 2 "hold"; median PT is $164.53 - latest LSEG data

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