Energy M&A

Vistra Corp

Power Play: Vistra’s $4.7 Billion Cogentrix Acquisition Signals New Era of AI-Driven Energy M&A

In a move that underscores the insatiable appetite for reliable electricity in the age of artificial intelligence, Vistra Corp (NYSE: VST) announced on January 5, 2026, a definitive agreement to acquire Cogentrix Energy for approximately $4.7 billion. The acquisition, which targets a massive 5,500-megawatt (MW) portfolio of natural