On September 8, Vistra Energy Corp. rose 3.04% in regular trading, trading at $154.29/share, with turnover of $365 million. The rally was driven by continued momentum in the AI-driven power demand theme, alongside Mizuho's recent initiation of coverage with an Outperform rating and a $169 price target.

Mizuho highlighted Vistra's positioning in the tightening PJM power market as a key beneficiary of surging electricity demand from AI data centers. The initiation came on the heels of a strong Q2 report, in which Vistra posted adjusted EBITDA from continuing operations of $1.767 billion, a year-over-year surge of over 30%, driven by higher energy and capacity prices and contributions from the Lotus acquisition. The company reaffirmed full-year guidance of $6.8 billion to $7.6 billion in adjusted EBITDA. Morgan Stanley also maintains an Overweight rating with a $210 target, while the analyst consensus points to a mean target of $230.18.

Within the Independent Power Producers and Energy Traders sector, peers moved broadly higher. Talen rose 3.72%, TransAlta gained 3.43%, Hallador climbed 2.35%, and AES Corp. edged up 0.10%.

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