Vistra combines Texas merchant gas generation with Energy Harbor nuclear acquisition, creating the cleanest large independent power producer fleet. ERCOT and PJM scarcity pricing has fundamentally re-rated merchant power earnings. Comanche Peak nuclear is sought-after baseload for AI hyperscalers. Capital return aggressive with massive buybacks. Hedging strategy locks in premium economics through 2027.
Signals scoped to US · Company-specific tagging coming soon.