Power producer Vistra Corp (VST) beat Wall Street expectations for fourth-quarter adjusted core profit on Thursday, as an AI-driven surge in electricity demand from data centers fueled earnings.
Power producer Vistra Corp (VST) beat Wall Street expectations for fourth-quarter adjusted core profit on Thursday, as an AI-driven surge in electricity demand from data centers fueled earnings.
Meta Platforms said on Friday it struck 20-year agreements to buy power from three Vistra plants in the U.S. heartland and develop projects with two companies hoping to build small modular reactors. Shares of Oklo surged nearly 20%, whereas Vistra rose about 8% in premarket trade.
Vistra stock was rising ahead of the open on Tuesday after the power-generation company announced a $4 billion acquisition, as it bids to meet growing demand for the energy needed to run artificial-intelligence data centers.
Vistra Corp (VST.N), has secured a long-term deal to supply power from its Comanche Peak nuclear plant to an unnamed buyer, it said on Monday.
Vistra stock was rising in premarket trading Thursday after the energy company reported strong fourth-quarter earnings and reiterated its full-year guidance.