Vistra rises on $1.9 bln natural gas asset deal to meet power demand surge

Published 16/05/2025, 01:56
© Reuters

Investing.com-- Shares of Vistra Corp (NYSE:VST) rose in extended trading Thursday after the U.S. power producer announced a $1.9 billion deal to acquire seven natural gas-fired generation facilities from Lotus Infrastructure Partners.

The acquisition, adding nearly 2,600 megawatts of capacity, aims to meet surging electricity demand driven by data centers and AI infrastructure.

The Irving, Texas-based company has been expanding its energy portfolio, including nuclear and renewable assets, to capitalize on the growing demand for reliable power sources.

This acquisition "allows Vistra to serve growing power demand while exceeding our mid-teens levered return target," Vistra CEO Jim Burke said in a statement.

Vistra shares rose 3.7% to $157.75 in post-trading hours, after closing 1.7% lower in the regular session on Thursday.

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