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Street View: Analysts upbeat on Vistra's $4.7 billion buy of Cogentrix Energy

ReutersJan 6, 2026 12:04 PM

Utility Vistra VST.N 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; expected to close in mid-to-late 2026

VST up 4.6% at $170.46 premarket

VISTRA'S LATE CHRISTMAS PRESENT

J.P.Morgan ("Overweight") views deal as "key win," enhances VST's scale and market share across key U.S. power markets

Jefferies ("Hold;" PT: $229) calls it a "late Christmas present;" adds the move to enter New England market and diversify margins "makes abundant sense"

Scotia Bank ("Outperform"; PT: $287) says deal increases VST's optionality to serve high-demand customers such as data centers, adding that in this market "bigger is better"

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