Vistra (VST) Stock Soars as Meta Signs 20-Year Nuclear Power Deal

TLDR

• Vistra secured 20-year power purchase agreements with Meta to supply over 2,600 megawatts of carbon-free nuclear electricity
• The deal includes 2,176 MW from existing Perry and Davis-Besse nuclear plants in Ohio
• An additional 433 MW will come from planned equipment upgrades at three facilities through 2034
• Initial power delivery to Meta’s data centers begins in late 2026 through the PJM grid
• VST stock jumped over 11% in premarket trading Friday, leading S&P 500 gainers

Vistra and Meta Platforms finalized long-term energy agreements Friday that will direct substantial low-carbon nuclear power into the PJM electricity grid. The deals support existing reactors while adding clean generation capacity for Meta’s regional power needs.

Under the contracts, Vistra will deliver more than 2,600 megawatts of carbon-free electricity through power purchase agreements spanning two decades. These commitments blend output from three operating plants with expanded capacity from planned facility upgrades.

Vistra Corp., VST

The PJM region is a vast connected electricity system managed by PJM Interconnection, a nonprofit that oversees power transmission across multiple states. Meta’s purchases will help power its data center operations as it expands artificial intelligence infrastructure.

The bulk of the energy comes from Ohio. Meta is buying roughly 2,176 MW from the existing Perry and Davis-Besse nuclear stations.

Another 433 MW will arrive through planned equipment enhancements at Perry, Davis-Besse and the Beaver Valley plant in Pennsylvania. These upgrades will raise generation capacity at all three locations.

Power Timeline and Deployment

Vistra expects initial output under the long-term contracts to begin flowing to the grid in late 2026. The company plans to bring additional capacity online incrementally through 2034 as equipment upgrades complete.

VST stock surged over 11% in Friday’s premarket session. The stock became the top performer in the S&P 500 during early trading.

Meta’s Nuclear Strategy

Meta signed similar power agreements with Oklo and TerraPower alongside the Vistra deal. The move underscores the company’s commitment to securing reliable power sources for AI operations.

Oklo reached a separate agreement with Meta to develop a 1.2 gigawatt campus in Pike County, Ohio. That deal includes a prepayment mechanism allowing Meta to fund project development for Oklo’s Aurora powerhouse prototype.

The Aurora reactor is designed to run on recycled nuclear waste. Pre-construction and site characterization for the Oklo project are expected to begin in 2026, with the first phase targeted for 2030.

Oklo stock jumped 17% in premarket trading Friday. The company plans to scale its facility gradually to deliver the full 1.2 gigawatts by 2034.

On Thursday, Cantor raised its price target on Meta Platforms to $750 from $720 with an Overweight rating. The firm cited a brighter outlook for major internet companies heading into 2026, driven by artificial intelligence boosting growth and returns.

VST stock has declined over 9% in the last 12 months. The nuclear power agreements mark a major commercial win as demand for data center electricity continues climbing.

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