Vistra Secures 10,924 MW in PJM 2028/2029 Capacity Auction at $325/MW-Day
VST sits 21% above its 52-week low of $132.66.
Summary
Vistra cleared 10,924 MW in the PJM capacity auction for 2028/2029 at $325/MW-day, securing a major future revenue stream.
Key Events · Earnings and Guidance · VST
-
PJM Auction Results
Across seven zones, Vistra cleared 10,924 MW at a uniform clearing price of $325 per megawatt-day for the 2028/2029 planning year.
-
Revenue Impact
This cleared capacity yields roughly $1.3 billion in annual capacity revenue (10,924 MW × $325/MW-day × 365 days), providing long-term earnings visibility.
-
Strategic Positioning
The outcome highlights the competitiveness of Vistra's generation fleet and bolsters its integrated retail-electricity model, building on a strong Q1 2026 and recent credit upgrades.
Analysis · VST · Energy & Transportation
The 2028/2029 PJM capacity auction locks in a substantial revenue stream for Vistra, with 10,924 MW cleared at a weighted average price of $325 per megawatt-day. These capacity payments enhance earnings visibility and cash flow stability, further strengthening the company's financial position after recent debt refinancing and credit upgrades.
At the time of this filing, VST was trading at $160.25 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $53.4B. The 52-week trading range was $132.66 to $219.82. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.