Vistra gains after $4.7 billion deal to buy Cogentrix Energy
ReutersJan 6, 2026 10:15 AM
Shares of utility Vistra VST.N up 4.4% at $170.17 premarket
Company to acquire Cogentrix Energy from Quantum Capital Group for nearly $4.7 billion
Deal includes 10 natural gas-fired power plants located across PJM, ISO New England and ERCOT
J.P. Morgan views the deal as a "key win" as it enhances VST's scale and market share across key power markets in the U.S.
Jefferies describes the deal as a "late Christmas present," adding that the move to enter the New England market and diversify margins "makes abundant sense" in its view
Deal is expected to close in mid-to-late 2026
In 2025, stock rose 17%
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