BofA raised the firm’s price target on Vistra (VST) to $224 from $220 and keeps a Buy rating on the shares after the company announced a 20-year Power Purchase Agreement for 1.2 GWs of power from Comanche Peak and also announced its plan to build 2 combustion turbines, totaling 860 MWs of capacity, at the Permian power plant by 2028. The firm updated its FY25, FY26 and FY27 EBITDA estimates to mark-to-market power prices and include the Comanche Peak PPA.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VST:
- Vistra Energy’s Strategic Power Contract at Comanche Peak Boosts Financial Outlook
- Vistra Energy Secures 20-Year Carbon-Free Power Deal
- Vistra to build gas-fueled dispatchable power units in the Permian Basin
- Humana, Vistra, AvePoint, JNJ, Lululemon: Trending by Analysts
- Vistra price target raised to $223 from $207 at Morgan Stanley