Nvidia has been the star of the AI boom, but this stock has outperformed it this year.
Vistra's stock is J.P. Morgan's top pick among independent power producers, even though its shares have already rocketed more than fourfold over the past 12 months.
Key Points: Vistra (VST) dominate the S&P 500 with a 260% gain, power by AI and data center energy demand.
Recently, Zacks.com users have been paying close attention to Vistra (VST). This makes it worthwhile to examine what the stock has in store.
The Investment Committee discuss some stocks on the move and how to trade them.
It didn't take long for shares of Texas-based power generation firm Vistra (NYSE:VST) to make new highs again after its spring and summer breather.
The gains keep coming for shares of independent power producer Vistra Corp. (VST), which jumped more than 5% on Thursday to notch one of the best performances in the S&P 500 and set a new record closing high.
Vistra stock has been on a tear this year, rising nearly 250%.
As of October 3, 2024, Vistra Corp's stock price has reached its new all-time high. This spike is contributed by several factors, including its strong financial performance and higher demand for energy linked to its nuclear power assets.
The market is getting excited about the prospect of nuclear-powered energy.
Shares of Vistra Corp (VST, Financial) surged 3.55% in mid-day trading on Oct 2. The stock reached an intraday high of $127.02, before settling at $126.90, up from its previous close of $122.55.
This energy stock has tripled in 2024 so far, comfortably outperforming every other stock in the S&P 500 including Nvidia.