Vistra Corp. (VST) shares rallied this week following a strategic shift by U.S. grid operator PJM Interconnection. PJM accelerated its data-center capacity procurement timeline by one year to September 2026. The operator cited a structural capacity shortage driven by surging artificial intelligence power demands.
Morgan Stanley raised its price target for Vistra to $212 on May 21. The firm maintained an Overweight rating. Jefferies adjusted its price target to $190 with a Buy rating.
The stock climbed 6.90% on May 20. Shares rose an additional 3.49% on May 21.