The little-known utility is suddenly the hottest compahy around. The trend its benefitting from, however, remains the same.
Steve Fleishman, Wolfe Research utilities analyst, joins “Squawk on the Street” to discuss Vistra overtaking Nvidia as the S&P 500's top gainer for the year, energy futures, and more.
In the most recent trading session, Vistra Corp. (VST) closed at $112.40, indicating a +0.69% shift from the previous trading day.
This year, Vistra Corp.'s VST strong rally could potentially hinder NVIDIA Corporation NVDA from becoming the S&P 500's top annual performer back to back, a title held only by Advanced Micro Devices, Inc. AMD since 1999.
Nuclear energy is resurging as a dense, reliable power source, crucial for meeting AI-driven energy demands that renewables and coal can't match. Vistra is strategically expanding its nuclear portfolio, securing long-term contracts, and benefiting from coal plant retirements, positioning it for sustained growth. Strong financials, impressive EBITDA growth, aggressive share buybacks, and future-proof growth make Vistra a standout in the utility sector.
Vistra (VST) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Constellation has a new nuclear-power deal with Microsoft. Both Constellation and Vistra shares have more than doubled this year on optimism for data-center power deals.
VST's decision to acquire the remaining interest of Vistra Vision is likely to be accretive to its earnings and help serve a large customer base with clean energy.
Vistra is poised to benefit from rising electricity demand and tech firms' interest in nuclear energy. The company is experiencing rapid growth and has an attractive valuation, with increasing enthusiasm from Wall Street for VST stock. Upcoming interest rate cuts are likely to further benefit Vistra.
Vistra Corp. (VST) closed at $80.47 in the latest trading session, marking a +0.51% move from the prior day.
Recently, Zacks.com users have been paying close attention to Vistra (VST). This makes it worthwhile to examine what the stock has in store.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?