Vistra’s shares climbed strongly on Monday after the company confirmed a multi-year power supply agreement with Meta Platforms. Under the deal, Vistra will provide up to 200 megawatts of carbon-free electricity to two of Meta’s data centers in Texas beginning in Q3 2026. The announcement sparked a 7.8% rise in trading on Monday, adding to last Friday’s gains and marking Vistra’s fourth positive session in five trading days. For investors, the agreement underscores Vistra’s growing position in the corporate renewable procurement market and is expected to contribute an incremental $45 million in annual revenues once fully online.

On the session following the Meta deal, Vistra shares surged by 10.5% on volume of roughly 52 million shares, compared with a 30-day average of 40 million. While six analysts have raised their 2024 earnings estimates—adding an average of $0.03 to consensus EPS forecasts—three have trimmed their 2025 projections by $0.02 per share over concerns about sustained wholesale power prices. Jefferies upgraded its rating to Buy with a target of $35, citing Vistra’s diversified generation mix and strong free cash flow, whereas one research house lowered its target to $30, noting that recent gains may have priced in much of the near-term upside.