Vistra and Constellation Energy Stocks Soar Amid Key Developments
Constellation's Microsoft deal and Vistra's acquisitions propel stock gains, but risks remain.
- Constellation Energy's stock surged 25% after announcing a 20-year deal with Microsoft to power data centers with nuclear energy.
- Vistra Energy shares have more than tripled in value in 2024, recently surpassing Nvidia as the top-performing S&P 500 stock.
- Analysts from Jefferies and Morgan Stanley raised their price targets for Vistra, citing potential growth from data-center opportunities.
- Constellation faces challenges with the reopening of its Three Mile Island nuclear plant, including a lengthy permitting process.
- Vistra's transition from coal to cleaner energy sources is ongoing, with significant investments in nuclear and renewable energy projects.