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IRVING, Texas - Vistra (NYSE:VST), a power generation company with a market capitalization of $62.83 billion and impressive year-to-date returns of 46.64%, has completed its acquisition of seven natural gas generation facilities from Lotus Infrastructure Partners, adding approximately 2,600 megawatts of capacity to its power generation portfolio, the company announced Wednesday. According to InvestingPro data, the company maintains a "GREAT" financial health score of 3.1, suggesting strong operational performance.
The transaction, which received all required regulatory approvals, expands Vistra’s geographic footprint across key competitive energy markets including PJM, New England, New York, and California. The newly acquired facilities are described as modern and highly efficient.
"This acquisition reflects Vistra’s disciplined, opportunistic approach to growth," said Jim Burke, president and chief executive officer of Vistra, in a press release statement. "We start with the needs of our customers — building on our operational capabilities — and then pursue acquisitions that are the right fit for Vistra, with a sharp focus on returns as well as scale." The company’s growth strategy appears to be paying off, with revenue growth of 31.6% in the last twelve months. InvestingPro analysis reveals 8 additional key insights about Vistra’s performance and outlook, available to subscribers.
The company indicated that the acquisition would strengthen its ability to provide reliable, affordable, and flexible power to customers while supporting the nation’s energy future.
Vistra, a Fortune 500 company based in Irving, Texas, operates a diverse fleet of power generation facilities including natural gas, nuclear, coal, solar, and battery energy storage facilities. The company provides electricity and power generation services to customers across multiple states from California to Maine.
The financial terms of the transaction were not disclosed in the company’s announcement.
In other recent news, Vistra Corp. announced the pricing of a $2 billion senior secured notes offering, which includes $750 million in notes due 2028 at 4.300% interest, $500 million due 2030 at 4.600%, and $750 million due 2035 at 5.250%. This offering is targeted at qualified institutional buyers and certain non-U.S. persons, with the notes issued by Vistra Operations Company LLC. Additionally, Vistra has amended its Commodity Linked Credit Agreement, extending the revolving credit maturity date to September 30, 2026, and modifying borrowing terms. On the analyst front, BMO Capital raised its price target for Vistra Energy to $236, maintaining an Outperform rating following meetings with the company’s management. UBS has also reiterated a Buy rating with a $230 price target, citing a strong power demand backdrop and potential for significant free cash flow accretion from the Comanche deal. These developments reflect ongoing strategic financial maneuvers and positive analyst sentiment towards Vistra Corp.
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