Why Did Vistra Stock Surge 11% Pre-Market Today?

Under the contracts, Vistra will supply more than 2,600 megawatts of carbon-free electricity through power purchase agreements spanning two decades to back Meta’s data center operations.

• The pact aims to support existing reactors and to add additional clean generation to serve Meta’s regional electricity requirements.
• The energy Meta is buying includes roughly 2,176 MW from the existing Perry and Davis-Besse nuclear stations in Ohio. 
• Vistra anticipates that the initial output under the long-term contracts will begin flowing to the grid in late 2026. 

Vistra (VST) and Meta Platforms (META) announced on Friday that they have finalized long-term energy agreements that will channel a considerable amount of low-carbon nuclear power into the PJM grid. 

The pact aims to support existing reactors and to add additional clean generation to serve Meta’s regional electricity requirements starting later this decade.

The PJM region refers to a vast, connected electricity system run by PJM Interconnection, a nonprofit organization that manages power transmission.

Agreement Details And Scale

Under the contracts, Vistra will supply more than 2,600 megawatts of carbon-free electricity through power purchase agreements spanning two decades to back Meta’s data center operations.

The commitments mix output from three operating plants with expanded capacity made possible by planned uprates at those facilities.

Following the agreement, Vistra stock jumped over 11% higher in Friday’s premarket. On Stocktwits, retail sentiment around the stock remained in ‘extremely bullish’ territory amid ‘extremely high’ message volume levels.

Breakdown Of Nuclear Supply

The energy Meta is buying includes roughly 2,176 MW from the existing Perry and Davis-Besse nuclear stations in Ohio. Another 433 MW will come from planned equipment enhancements at Perry, Davis-Besse and the Beaver Valley plant in Pennsylvania that will raise generation capacity. 

Vistra anticipates that the initial output under the long-term contracts will begin flowing to the grid in late 2026. Additional increased capacity is expected to come online incrementally through 2034.

Meta’s AI Bet

Along with Vistra, Meta also signed a similar power agreement with Oklo (OKLO) and TerraPower, signaling the importance of powering its AI ambitions. 

"At Meta, we are investing in nuclear energy because it provides clean, reliable power that is essential for advancing our AI ambitions and strengthening American leadership in energy innovation.”

-Urvi Parekh, Head of Global Energy, Meta

On Thursday, Cantor raised its price target on Meta Platforms to $750 from $720 and kept an Overweight rating, according to TheFly. The firm said that even amid economic uncertainty, it sees a brighter outlook for major internet companies heading into 2026, driven by artificial intelligence that is boosting growth and returns. 

VST stock has declined by over 9% in the last 12 months. 

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