Shares of Vistra Get Hammered on Texas Storm Estimates

Shares of Vistra Get Hammered on Texas Storm Estimates
Tyler Crowe, The Motley Fool
·2 min read

Shares of independent power producer Vistra (NYSE: VST) are down 20.9% as of 12:15 p.m. EST today. The sharp drop in share price comes after management released its initial estimate for the costs it will incur from winter storm Uri earlier this month. In conjunction with the company's fourth-quarter and full-year 2020 earnings release, management gave some initial estimates for the financial impact from the recent Texas winter freeze.