Vistra Corp Stock Price, News & Analysis

Vistra (NYSE: VST), based in Irving, Texas, announced that CEO Curt Morgan and CFO Jim Burke will participate in a fireside chat at Wolfe Research's Utilities, Midstream & Clean Energy Conference on September 30, 2021, at 2:45 p.m. ET. The event will be broadcast live, with a replay available on Vistra's website for one year. Vistra serves nearly 4.3 million customers and is the largest competitive power generator in the U.S., with a capacity of approximately 39,000 megawatts.

On September 15, 2021, Illinois Governor J.B. Pritzker signed SB 2408, the Energy Transition Act, which aims for 100% clean energy in Illinois. Supported by Vistra (NYSE: VST), the act includes the Coal to Solar & Energy Storage initiative, allowing Vistra to develop up to 300 MW of solar and 150 MW of battery storage at retired coal sites. The project is expected to create over 2,200 jobs and generate $300 million for the state economy by 2025, with an investment exceeding $550 million. Vistra plans to significantly reduce its greenhouse gas emissions by 2027.

Vistra has completed Phase II of its Moss Landing Energy Storage Facility in California, expanding its capacity to 400 MW/1,600 MWh, making it the world's largest battery storage system. The 100 MW expansion addresses California's growing energy demands, particularly during summer peaks. Construction, which began in September 2020, finished ahead of schedule in July 2021. The project features technology from LG Energy Solution and operates under a 10-year agreement with Pacific Gas and Electric Company. Vistra plans to invest $5 billion in renewable energy and battery storage by 2030.

Vistra reported Q2 2021 net income of $35 million, with ongoing operations net income at $49 million. Adjusted EBITDA for ongoing operations was $825 million, reflecting adjustments for Winter Storm Uri, and was in line with expectations. The company reaffirmed its 2021 guidance for ongoing operations adjusted EBITDA between $1,475 million and $1,875 million. Additionally, Vistra's liquidity stood at approximately $2,337 million. The firm is implementing enhanced weatherization measures and plans to retire two coal plants by 2022.

Vistra (NYSE: VST) has launched TXU Business Surge Protect, designed to safeguard small businesses from surge damage. This plan offers reimbursement up to $10,000 for covered electronics without any deductible, enhancing Vistra's suite of customer-focused services. With unpredictable Texas weather, this tool aims to provide business owners peace of mind and control over potential storm-related costs. The plan is backed by Cinch Home Services, a provider with over 35 years of experience.

Vistra (NYSE: VST) has declared a quarterly dividend of $0.15 per share, equivalent to $0.60 annually. Shareholders of record as of September 16, 2021 will receive the dividend on September 30, 2021. The ex-dividend date is set for September 15, 2021. Vistra operates extensively, serving nearly 4.3 million customers in the U.S. and is the largest competitive power generator with approximately 39,000 megawatts of capacity. The company emphasizes sustainability and customer-oriented services in its operational approach.

TXU Energy has partnered with Papa John's Houston to launch the Slice of Solar campaign, offering four winners a year of free solar energy. Customers who order pizza in August will be automatically entered into the sweepstakes. The winners will receive the TXU Energy Free Nights & Solar Days plan, which provides 100% solar energy and free electricity every night. This initiative builds on a long-standing collaboration aimed at promoting sustainability. TXU Energy, a subsidiary of Vistra (NYSE: VST), is committed to renewable energy solutions and customer-centric services.

Vistra announces the early closure of the Zimmer Power Plant in Moscow, Ohio, set for May 31, 2022, three years ahead of schedule. This decision comes after the plant failed to secure capacity revenues in a recent auction, which cleared nearly 50% lower than the previous year. The CEO, Curt Morgan, highlighted ongoing economic struggles and the inability to operate profitably without auction revenues. Vistra plans to evaluate the site for future renewable energy investments while maintaining support for affected workers and the local community.

Vistra (NYSE: VST) will release its second quarter 2021 financial and operating results on August 5, 2021, at 8 a.m. ET. A live conference call and webcast will follow, accessible via the investor relations section of Vistra's website. Participants can join by registering in advance to obtain the call-in number. For those unable to attend, a replay will be available for one year post-event. Vistra is a major retail electricity and power generation company, serving approximately 4.3 million customers across 20 states and having a large capacity of 39,000 megawatts.