Shares in electric utility Vistra (VST) surged Thursday amid growing optimism about the use of nuclear capacity to serve energy-intensive artificial intelligence (AI) demand.
The move Thursday came after fellow nuclear energy generator Constellation Energy (CEG) announced that it has secured a pair of federal government deals worth over $1 billion.
Vistra has benefited in recent months from speculation that it sits well placed to ink lucrative energy deals after Constellation reached an agreement with Microsoft (MSFT) in September to provide nuclear-generated electricity to power its data centers.
Vistra shares rose 8.6% to close Thursday at $149.66. It was a good start to the year for a stock that soared 260% in 2024, making it the second biggest gainer in the S&P 500 last year.
Below, we take a closer look at the technicals on Vistra’s chart and point out important price levels worth watching out for.
Since setting their record high in …