Vistra Secures 20-Year Power Purchase Agreements with Meta for 2,600 MW of Nuclear Energy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 18h ago
0mins
Source: Fool
- Long-Term Power Agreements: Vistra's 20-year power purchase agreements with Meta will supply over 2,600 megawatts of zero-carbon energy, significantly supporting Meta's expansion in artificial intelligence, with power expected to commence in late 2026.
- Nuclear Energy Supply Assurance: The agreements include 2,176 megawatts of operational nuclear energy from Vistra's Perry and Davis-Besse plants in Ohio, along with 433 megawatts of incremental nuclear power from planned equipment upgrades, ensuring Meta's long-term energy needs are met.
- Facility License Extension Plans: Vistra intends to pursue license extensions for all three nuclear plants, potentially extending their operations for another 20 years, as these facilities were previously slated for retirement before Vistra's acquisition in 2023, demonstrating the company's commitment to renewable energy.
- Positive Market Reaction: Following the announcement, Vistra's shares surged over 10%, reflecting market optimism regarding its partnership with Meta, which further solidifies Vistra's position in the clean energy market.
Analyst Views on META
Wall Street analysts forecast META stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for META is 832.06 USD with a low forecast of 655.15 USD and a high forecast of 1117 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
43 Analyst Rating
36 Buy
6 Hold
1 Sell
Strong Buy
Current: 646.060
Low
655.15
Averages
832.06
High
1117
Current: 646.060
Low
655.15
Averages
832.06
High
1117
About META
Meta Platforms, Inc. is building human connections, powered by artificial intelligence and immersive technologies. The Company's products enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) and mixed reality (MR) headsets, augmented reality (AR), and wearables. It also helps people discover and learn about what is going on in the world around them, enabling people to share their experiences, ideas, photos, videos, and other content with audiences ranging from their closest family members and friends to the public at large. The Company's segments include Family of Apps (FoA) and Reality Labs (RL). FoA segment includes Facebook, Instagram, Messenger, WhatsApp and Threads. RL segment includes its virtual, augmented, and mixed reality related consumer hardware, software and content. Its product offerings in VR include its Meta Quest devices, as well as software and content available through the Meta Horizon Store.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
