Shares of Vistra Corp (NYSE: VST) climbed in after-hours trading Thursday following the company’s announcement of a $1.9 billion acquisition. Vistra will buy seven natural gas-fired power plants from Lotus Infrastructure Partners.
The deal adds nearly 2,600 megawatts of generating capacity to Vistra’s portfolio. This move comes as electricity demand surges, especially from data centers and AI infrastructure requiring reliable power.
Based in Irving, Texas, Vistra has been growing its energy assets. Besides natural gas, the company has expanded into nuclear and renewable energy to meet rising needs for stable power.
Vistra CEO Jim Burke said the purchase will help the company meet increasing demand while delivering strong financial returns. He stated, “This acquisition allows Vistra to serve growing power demand while exceeding our mid-teens levered return target.”
After the announcement, Vistra shares rose 3.7% to $157.75 in extended trading. This was a rebound from a 1.7% drop during the regular trading session on Thursday.
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