Vistra Corp. (NYSE:VST) closed a $2.25 billion private offering on January 27, consisting of $1 billion in 4.700% senior secured notes due 2031 and $1.25 billion in 5.350% notes due 2036. The company plans to use the proceeds to acquire Cogentrix Energy and diversify its portfolio with 10 natural gas-fired power plants.

Vistra Corp. is set to acquire 5,500 megawatts of net capacity through a $4.7 billion deal with Quantum Capital Group. CEO Jim Burke stated the acquisition will expand the company’s geographic footprint and drive growth in competitive power regions. UBS reiterated a Buy rating on VST stock and raised the price target to $233.

As a leading retail electricity and power generation company based in Texas, Vistra Corp. operates across 20 states and the District of Columbia. While VST shows investment potential, some believe AI stocks offer greater upside. Explore the best short-term AI stock for investment opportunities amidst changing economic trends.

Read more at Yahoo Finance: Vistra Corp. (VST) Powers Ahead with Strategic Acquisitions and Analyst Upgrades