StocksMediumUpdated•Originally published 4 November 2026•Updated 4 November 2026•
1 min read
Vistra Downgraded by KeyBanc After 13.5% Plunge on Election Results
Key Facts
1Constellation Energy fell 8% and Vistra dropped 14% following the Democratic sweep of Congress in the midterm elections.
2At least 10 communities approved bans or restrictions on data centers on Tuesday, according to CNBC.
KeyBanc downgraded Vistra stock following a 13.5% plunge driven by Texas election results impacting the AI power trade. The decline coincided with an 8% drop in Constellation Energy shares following the Democratic sweep in the US midterm elections, as CNBC reported that at least 10 local communities approved new restrictions or bans on data centers on Tuesday.
Vistra closed at $139.59 on November 3, 2026, while Constellation Energy closed at $263.40 on the same date. Other industry players faced similar downward pressure, with GE Vernova closing at $918.20 and CoreWeave closing at $53.74 on November 3, 2026, as investors weighed the impact of increased regulatory hurdles on AI infrastructure expansion.