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Vistra Corp. (NYSE:VST), a $64 billion market cap energy company that has delivered an impressive 138% return over the past year, announced Tuesday that it has received the results of the PJM Capacity Auction for the 2026/2027 planning year. According to InvestingPro data, the company maintains a "GREAT" financial health score, positioning it well for future growth. According to a press release statement, the company cleared approximately 10,314 megawatts (MW) in the auction at a weighted average clearing price of $329.17 per megawatt-day.
The cleared capacity is distributed across several PJM zones. The breakdown is as follows:
- RTO: 3,969.6 MW
- COMED: 2,081.7 MW
- DEOK: 951.7 MW
- EMAAC: 615.1 MW
- MAAC: 444.7 MW
- ATSI: 2,047.9 MW
- DOM: 203.1 MW
All zones cleared at the same price of $329.17 per megawatt-day. The total cleared capacity amounts to 10,313.8 MW. With trailing twelve-month revenue of $18.1 billion and EBITDA of $6.8 billion, Vistra has demonstrated strong operational execution in its core markets.
The PJM Capacity Auction is held by PJM Interconnection, a regional transmission organization, to ensure sufficient power supply for future periods. The auction determines which generators will be paid to be available to provide electricity during the specified planning year.
Vistra is based in Irving, Texas, and its common stock is listed on the New York Stock Exchange under the symbol VST.
This information is based on a press release statement included in a filing with the U.S. Securities and Exchange Commission.
In other recent news, Vistra Corp. has made significant financial and strategic moves. The company announced an amendment to its Receivables Purchase Agreement, increasing the commitment from $1.0 billion to $1.1 billion, with the term extended to July 2026. This financial adjustment aims to bolster Vistra’s liquidity. Additionally, Vistra has received approval from the Nuclear Regulatory Commission to extend the operational life of its Perry Nuclear Power Plant in Ohio by 20 years, allowing it to operate through 2046. In a strategic acquisition, Vistra purchased seven natural gas generation facilities from Lotus Infrastructure Partners for $1.9 billion, adding approximately 2,600 megawatts of capacity. UBS has raised its price target for Vistra to $207, maintaining a Buy rating, citing strong demand in the power sector. Meanwhile, Moody’s Ratings downgraded Vistra Holdings’ corporate family rating to B2, though the outlook is now stable. This downgrade reflects expectations of high financial leverage due to slower-than-expected earnings improvements. These developments mark a period of significant activity for Vistra Corp.
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