Vistra Faces Downgrade Amid Data Center Deal Concerns

about 1 month ago

Scarlett Foom

"So Vistra, which is a utility, as you mentioned, took her VSC. So that's not doing so well this morning. Shares down more than 4% because it did get downgraded at Jeffries. Analysts, they are voicing concerns about the lack of an announcement for a data center deal for its Comanche Peak nuclear power plant in Texas. And so that's been cut to hold from buy and price target lowered to $230 from $241 previously."

Vistra has come under pressure following a downgrade by Jeffries, with concerns centered around the absence of a data center deal for its Comanche Peak nuclear power plant. The downgrade from buy to hold and a reduced price target are raising caution among investors, despite the stock's strong historical performance.