Vistra Completes Expansion Of Battery Energy Storage System At California Facility

  • Vistra Corp VST has recently completed construction on Phase II of its Moss Landing Energy Storage Facility. The 100-megawatt expansion now brings the facility's total capacity to 400 megawatts/1,600 megawatt-hours.
  • Utilizing technology from LG Energy Solution, Vistra's lithium-ion battery system is co-located on the site of its existing Moss Landing Power Plant in Monterey County.
  • The site has the space to support even further expansion – up to 1,500 MW/6,000 MWh.
  • The 100-MW/400-MWh Phase II expansion operates under a 10-year resource adequacy agreement with Pacific Gas and Electric Company PG&E Corp PCG.
  • Recently Morgan Stanley analyst Stephen Byrd lowered its price target on Vistra to $25 from $27 and maintained an overweight rating.
  • Price Action: VST shares closed lower by 1.17% at $17.80 on Thursday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: NewsAnalyst RatingsBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!