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Vistra Stock Surges on Analyst Optimism and Nuclear Power Prospects
Vistra Stock Surges on Analyst Optimism and Nuclear Power Prospects
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BTCCSquare news:
Vistra Energy's stock climbed nearly 5% on Tuesday, outpacing the broader market's 1.1% gain, after two analysts raised price targets following strong Q2 earnings. BMO Capital's James Thalacker lifted his target to $229 from $191, while Securities' Ross Fowler increased his to $220 from $214. Both maintained buy ratings, citing Vistra's robust quarterly performance and growing interest in its Comanche Peak nuclear facility.
The Texas-based nuclear plant received regulatory approval in July 2024 to operate through 2053, aligning with the TRUMP administration's pro-nuclear energy stance. Vistra's Q2 results showed an 11% year-over-year revenue increase, underscoring the utility's operational strength in a favorable policy environment.
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