BUZZ-Power producers rise after PJM auction prices hit record high
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Shares of U.S. independent power producers, including Constellation Energy, Vistra, and Talen Energy, rose between 3% and 4.5% after PJM Interconnection reported record-high capacity prices of $333.44 per megawatt-day in its auction. Analysts note that Constellation and Talen are significantly exposed to PJM, with 49% and 98% of their generation, respectively. Year-to-date, Constellation has gained 57.02%, Vistra 20.7%, and Talen 84%.
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