What Happened With Vistra, Constellation Energy Stocks Today?
Portfolio Pulse from Erica Kollmann
Vistra Corp. and Constellation Energy shares rose after RBC Capital raised their price targets due to increased energy demand for AI infrastructure. Vistra was the top performer in the S&P 500, with a 243% increase in 2024, while Constellation Energy rose 137% year-to-date.
October 03, 2024 | 9:36 pm
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POSITIVE IMPACT
Constellation Energy shares rose after RBC Capital raised its price target from $214 to $272. The company benefits from a 20-year nuclear power agreement with Microsoft, aligning with AI infrastructure energy needs.
RBC Capital's raised price target and Constellation's strategic nuclear power agreement with Microsoft suggest strong growth potential, aligning with increased energy demand for AI infrastructure.
CONFIDENCE 100
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Vistra Corp. shares increased after RBC Capital raised its price target from $105 to $141, driven by growing energy demand for AI infrastructure. Vistra is the best performer in the S&P 500, with a 243% increase in 2024.
RBC Capital's increased price target and Vistra's strong performance in the S&P 500 indicate positive investor sentiment and potential for further gains, driven by demand for energy in AI infrastructure.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100