Vistra Corp. (VST) shares are experiencing a surge on Wednesday, with the stock price climbing over 25% in the past five days. This upward trend is fueled by a growing demand for alternative energy sources, particularly within the data center industry.
The catalyst for this surge? Constellation Energy Corp. (CEG) recently signed a 20-year power purchase agreement with Microsoft, highlighting the increasing need for dedicated renewable energy to power data centers and AI infrastructure. This agreement, along with the overall trend toward green energy, has put a spotlight on energy companies like Vistra.
Several analysts have recently revised their assessments of Vistra, pointing to its positive prospects. Jefferies analyst Julien Dumoulin-Smith maintained a Buy rating for Vistra and raised the price target from $99 to $137. Morgan Stanley echoed this sentiment, maintaining its Overweight rating and increasing the price target from $110 to $132. BMO Capital analyst James Thalacker also maintained an Outperform rating and raised the price target from $120 to $125.
Trading activity for Vistra Corp. shares is showing significant volume, exceeding the stock’s 50-day moving average of $81.21.
Investing in Vistra:
If you’re interested in investing in Vistra, you can acquire shares through a brokerage platform. Alternatively, you can gain exposure to the company through ETFs that hold Vistra stock or by allocating your 401(k) to a strategy focused on the Utilities sector. Vistra operates within the Utilities sector, and ETFs often hold shares in numerous large, liquid companies within this sector, providing investors with exposure to the overall trends within the Utilities segment.
Vistra’s Current Price Action:
As of Wednesday’s publication, Vistra shares have risen 6.91%, trading at $120.17. This upward momentum reflects the positive market sentiment surrounding the company and its prospects in the growing renewable energy landscape.
