Vistra Stock Surged Following Its $4.2 Billion Federal Loan. With the Stock Down 23% Over the Past Year, Is It Time to Buy?
Vistra powers key data center markets, and fresh federal funding will help it expand as electricity demand surges.
On October 5, the U.S. Department of Energy committed up to $4.2 billion to Vistra to bolster its power capacity without building new plants. This loan comes as demand for reliable electricity surges among large tech companies and power operators alike. Vistra's massive fleet of generators gives it an advantageous position, and the funding will be used to uprate and modernize its nuclear plants in Pennsylvania, Ohio, and beyond.
With a 23% drop in stock value over the past year, should investors consider purchasing Vistra stock now?
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