
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