Why Vistra and Constellation Energy Shares Are Jumping Today
Portfolio Pulse from Lekha Gupta
Vistra Corp. (NYSE:VST) and Constellation Energy Corporation (NASDAQ:CEG) shares are trading higher following the release of PJM Interconnection's annual power market auction results, which showed a significant increase in capacity prices. Additionally, Vistra received approval to extend the operation of its Comanche Peak Nuclear Power Plant through 2053.
July 31, 2024 | 5:48 pm
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POSITIVE IMPACT
Series Portfolios Trust Adaptiv Select ETF, which includes Vistra Corp., is expected to see positive movement due to the significant increase in Vistra's stock price following PJM Interconnection's auction results.
ADPV, which includes Vistra Corp., is likely to see positive movement due to the significant rise in Vistra's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Constellation Energy Corporation shares increased by 10.9% after PJM Interconnection's auction results revealed a substantial rise in capacity prices, which is expected to boost the company's revenue.
The substantial increase in capacity prices from PJM's auction is expected to positively impact Constellation Energy's revenue, leading to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
EA Series Trust Strive FAANG 2.0 ETF, which provides exposure to Constellation Energy, is likely to benefit from the significant increase in Constellation Energy's stock price following PJM Interconnection's auction results.
FTWO, which provides exposure to Constellation Energy, is expected to benefit from the significant rise in Constellation Energy's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Virtus Reaves Utilities ETF, which provides exposure to Vistra Corp., is likely to benefit from the significant increase in Vistra's stock price following PJM Interconnection's auction results.
As UTES provides exposure to Vistra Corp., the significant rise in Vistra's stock price is expected to positively impact the ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Vistra Corp. shares rose by 14.3% following the release of PJM Interconnection's auction results, which showed a significant increase in capacity prices. Additionally, Vistra received approval to extend the operation of its Comanche Peak Nuclear Power Plant through 2053.
The significant increase in capacity prices from PJM's auction is highly beneficial for Vistra's revenue. Additionally, the extension of the Comanche Peak Nuclear Power Plant's operation adds long-term value to the company.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100