Why Vistra stock sank 7% Friday as a PJM “emergency auction” idea spooked power names
Vistra shares fell 7.4% after the White House pressed PJM Interconnection for an emergency auction to address surging power demand from data centers. The move raised the prospect of caps on capacity-market charges and forced curtailments for large new users. GE Vernova rose 6.1% on turbine demand hopes, while Constellation Energy and Vistra led S&P 500 losses. PJM’s next capacity auction is set for late June.