Vistra rises on report of $4B US nuclear loan package

Vistra shares trimmed earlier losses on Friday afternoon, trading down 0.3% at $139.20 after rebounding from a session low of $135.79. The stock had traded near $137 before Bloomberg reported that the Trump administration plans to offer the company an estimated $4 billion loan package to upgrade three of its nuclear plants.

US Energy Secretary Chris Wright is expected to announce the funding as soon as Monday during a visit to the Perry nuclear complex northeast of Cleveland. According to people familiar with the matter, the package would finance upgrades at two Vistra plants in Ohio and one in Pennsylvania. Both Vistra and the Department of Energy did not immediately respond to requests for comment.

The loan aims to expand capacity at existing sites as electricity demand rises from power-hungry data centers seeking continuous energy. President Donald Trump has targeted a quadrupling of US nuclear capacity by 2050, and expanding operating facilities offers a faster route than the lengthy permitting and construction needed for new reactors.

The specific size of the planned capacity additions was not disclosed. Vistra supplies power to PJM Interconnection LLC, the largest US grid operator, which spans from Illinois to Washington, D.C., and serves roughly 67 million people while facing surging regional demand from data centers.