RBC Capital raised the firm’s price target on Vistra to $95 from $30 and keeps an Outperform rating on the shares. The company’s nuclear assets have seen a material uplift in recent months, driven by higher power prices and optimism over datacenter deals, the analyst tells investors in a research note. While the firm is awaiting details on what these deals could price at, it sees Vistra being positioned well to capitalize on upside opportunities from load growth while being protected from downside from the Nuclear PTC, RBC added.
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