Overview
- Meta signed 20-year power purchase agreements with Vistra covering roughly 2.6 GW from three nuclear plants.
- Scotiabank raised its Vistra price target to $293 with an Outperform rating following the announcement.
- UBS lifted its target to $233 and BofA set $218 while maintaining Buy ratings despite differing valuation views.
- Analysts say the agreements enhance cash-flow visibility and strengthen Vistra’s standing among independent power producers.
- Coverage cites projections that data centers could consume about 12% of U.S. electricity by 2028, and notes Vistra’s diversified fleet, a November guidance raise, and a sub‑1% dividend yield.