Added to YB: 2026-09-28
Pitch date: 2026-09-23
VST [neutral]
Vistra Corp.
+1.66%
current return
Author Info
No bio for this author
Company Info
Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company in the United States.
Market Cap
$46.3B
Pitch Price
$136.20
Price Target
N/A
Dividend
0.67%
EV/EBITDA
10.36
P/E
23.52
EV/Sales
3.58
Sector
Independent Power and Renewable Electricity Producers
Category
growth
The Intelligence Rent?
VST (pass): Vistra is cheaper than many power plays at 15x forward earnings, but cheap alone is not enough. Fixed-rate 20-year contracts covering most of the nuclear fleet support revenue while capping upside, leaving the 17 GW gas fleet as the main scarcity call option; one daily hour averaging $325/MWh could add roughly $2B of annual EBITDA. The shares could double if AI’s trajectory continues, but scarcity dependence and $20B of debt leave IREN as the current choice.
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