Why Vistra Keeps on Rising and Rising Today
Shares of Vistra (NYSE: VST) continue to power higher today after the independent utility operator announced it was acquiring a nuclear power company for $3 billion. After the announcement yesterday that it was buying Energy Harbor, the second-largest nuclear power company, Vistra's stock shot 14% higher to close at $24.38 per share. Vistra, which operates in Texas, is buying Ohio-based Energy Harbor and will combine it with its own operations to form Vistra Vision, which will have four nuclear power plants with 6,400 megawatts of power.