Vistra Corp.
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Range $169 – $298
Price Chart
About the company
Vistra Corp. , along with its various holdings, functions as a unified entity primarily engaged in retail electricity supply and power generation. The company organizes its operations across six distinct segments: Retail, Texas, East, West, Sunset, and Asset Closure.
- CEO
- James A. Burke
- IPO
- 2016
- Employees
- 6,390
- HQ
- Irving, TX, US
AI snapshot
Six angles, distilled from the data.
The stock is still in a corrective regime after a powerful run, sitting below its 200-day average and well under the 52-week high. That leaves the setup more about rebuilding trend strength than chasing momentum, with the recent bounce showing stabilization rather than a confirmed long-term breakout.
Street sentiment stays constructive: 21 Buy ratings, 2 Holds, and no Sells, with a consensus Buy and a target around $215.67 versus the current price. Recent action is mixed but still positive, with fresh initiations and reiterated Outperforms alongside several target trims, which suggests confidence remains intact but expectations have been reset.
The next report carries a solid beat history but not a clean streak, with 3 beats in the last 7 quarters. Analysts still look for sharp EPS growth to $10.36 next year from $5.93 TTM, so shareholders should watch whether margin discipline and power-market execution can support that step-up.
Recent insider activity leans to net selling, driven by multiple officer and director disposals in June and September. The main counterpoint is meaningful open-market buying from the CEO in late August and early September, which softens the signal but does not erase the broader selling bias.
Profitability is strong, with a 38.3% gross margin, 13.8% operating margin, and 11.6% net margin. Growth has softened, with revenue down 5.5% year over year and earnings down 6.2%, but cash generation remains powerful at $8.01 billion of free cash flow and a 17.08% FCF yield.
Vistra screens as a higher-beta independent power name with a 1.414 beta and a valuation that still looks cheaper than the average target implies. The market is paying for cash flow and earnings leverage, while the main peer risk is balance-sheet debt and earnings sensitivity to power pricing.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $48.85B
- P/E
- 24.19
- Fwd P/E
- 16.76
- PEG
- -3.61
- P/S
- 3.06
- P/B
- 8.98
- EV/EBITDA
- 10.52
- Div Yield
- 0.63%
- Gross Margin
- 12.97%
- Op Margin
- 2.34%
- Net Margin
- 13.89%
- ROE
- 41.48%
- ROIC
- 0.87%
Latest fiscal year · YoY change
- Revenue
- $16.97B-12.4%
- Gross Profit
- $2.97B-61.3%
- Op Income
- $1.33B
- Net Income
- $944.00M-64.5%
- EPS
- $2.21-69.1%
- OCF Growth
- -10.8%
- FCF Growth
- -94.8%
- 52W High
- $217.10
- 52W Low
- $132.66
- 50D MA
- $142.94
- 200D MA
- $154.77
- Beta
- 1.41
- RSI (14)
- 56
- Avg Volume
- 4.72M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Vistra said second-quarter results were strong, reaffirmed 2026 guidance, and sounded upbeat on long-term load growth, data center demand, and Helix as an additional growth channel.· August 7, 2026
- Q2 Adjusted EBITDA was $1.767 billion, up more than 30% from about $1.35 billion a year ago, with generation and retail both contributing.
- Generation Adjusted EBITDA was about $994 million versus about $593 million last year, helped by better hedging, higher PJM capacity revenue, Martin Lake Unit 1 restart, and Lotus assets.
- Retail contributed about $773 million versus about $756 million in Q2 2025, with management noting Q2 and Q4 are typically the strongest retail quarters.
- Vistra reaffirmed 2026 Adjusted EBITDA guidance of $6.8 billion-$7.6 billion and adjusted free cash flow before growth of $3.925 billion-$4.725 billion, saying it expects to be at or above midpoint.
- Management kept its 2027 Adjusted EBITDA midpoint opportunity range of $7.4 billion-$7.8 billion, while noting ERCOT forward softness is partly offset by PJM strength, hedging, and nuclear PTC support.
Vistra reported second-quarter 2026 Adjusted EBITDA of $1.767 billion, up more than 30% year over year from approximately $1.35 billion. Generation Adjusted EBITDA was approximately $994 million, versus approximately $593 million in Q2 2025, while retail Adjusted EBITDA was approximately $773 million, versus approximately $756 million in Q2 2025. Management said average realized prices were approximately 5% higher per MWh year over year, and commercial availability was over 97% across the fleet during recent heat waves. For 2026, Vistra reaffirmed Adjusted EBITDA guidance of $6.8 billion-$7.6 billion and adjusted free cash flow before growth of $3.925 billion-$4.725 billion, and said it expects to be at or above the midpoint. For 2027, it maintained the Adjusted EBITDA midpoint opportunity range of $7.4 billion-$7.8 billion, excluding Cogentrix and the Meta PPA contribution.
Jim Burke emphasized that Vistra is operating in a structurally improved demand environment, citing new all-time summer peak loads in PJM and ERCOT and strong data center development activity. He said the company remains well positioned because of its diversified fleet, development capabilities, retail franchise, and commercial team. His tone was upbeat but pragmatic, stressing operational excellence, customer flexibility, and the need for policy and queue reforms to keep markets reliable and affordable.
Kris Moldovan highlighted the quarter’s financial strength, including $1.767 billion of Adjusted EBITDA and strong segment performance in both generation and retail. He reaffirmed 2026 guidance, said the company is confident in being at or above midpoint, and explained that 2027 is being pressured by lower ERCOT forwards but supported by higher PJM prices, hedging, and the nuclear PTC. He also stressed capital discipline: Vistra expects more than $10 billion of available cash in 2026 and 2027, has already allocated about $3 billion to equity holders across those years, has about $1.2 billion of repurchase authorization left, and expects to allocate about $4.5 billion-$5 billion to growth investments.
Analysts focused on Texas data center audits, Batch Zero delays, ERCOT/PJM contracting dynamics, PJM’s evolving RBP and IRAS framework, and the new Helix platform. Management said the Texas audit should pause reviews for a couple of months but does not change its long-term ERCOT outlook or its Comanche Peak timing, and it views queue thinning as helpful for realistic policy decisions. On PJM, Vistra said customers still want both energy and capacity, bilaterals remain important, and co-location looks attractive because FERC’s June order supported it and speed to market matters. On Helix, management said it is a founding investor and preferred power partner, with flexibility to add up to $1 billion over time and to participate only where deals fit its return targets.
The bull case is that Vistra is seeing real demand pull from data centers and broader load growth, with management calling the long-term fundamentals structurally improved. Q2 results were strong, commercial availability was over 97% during heat waves, and the company reiterated confidence in 2026 midpoint-or-better performance. Helix adds another channel to monetize existing assets and new-build opportunities, while the capital return story remains strong through buybacks and dividends.
The main risks discussed were regulatory uncertainty, especially around Texas audits, PJM’s IRAS proposals, and the timing of co-location and RBP-related rule changes. Management also acknowledged ERCOT forward pricing has softened, and Kris said the 2027 headwinds do not fully offset, pushing expectations toward the lower end of the range before factoring in Cogentrix and the Meta PPA. Analysts also pressed on whether queue delays could slow near-term projects, and management said some short-term timing slippage is possible even if the long-term picture remains constructive.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 93.3%
- Shares Outstanding
- 337.18M
- Float Shares
- 314.48M
of shares held by institutions
1,414 13F filers
Buy/sell ratio 0.75. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for VST, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Ro KhannaHouse · CA17 | Buy | Apr 13, 26 | Filing → |
| Julia LetlowHouse · LA05 | Buy | Feb 17, 26 | Filing → |
| Nancy PelosiHouse · CA11 | Buy | Jan 16, 26 | Filing → |
| Lisa C. McClainHouse · MI09 | Sell | Oct 31, 25 | Filing → |
| Lisa C. McClainHouse · MI09 | Buy | Oct 30, 25 | Filing → |
| Lisa C. McClainHouse · MI09 | Sell | Oct 30, 25 | Filing → |
| Lisa C. McClainHouse · MI09 | Buy | Jun 17, 25 | Filing → |
| Julie JohnsonHouse · TX32 | Sell | Apr 1, 25 | Filing → |
| Jefferson ShreveHouse · IN06 | Sell | Apr 7, 25 | Filing → |
| Jefferson ShreveHouse · IN06 | Buy | Mar 5, 25 | Filing → |
| Julie JohnsonHouse · TX32 | Buy | Feb 12, 25 | Filing → |
| Nancy PelosiHouse · CA11 | Buy | Jan 14, 25 | Filing → |
| Alan LowenthalHouse · CA47 | Sell | Aug 14, 19 | Filing → |
| Alan LowenthalHouse · CA47 | Sell | Aug 15, 19 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 41.59M | ▲ 390.16K |
| Blackrock, Inc. | 29.06M | ▲ 584.12K |
| Vanguard Capital Management LLC | 21.39M | ▼ 102 |
| Vanguard Portfolio Management LLC | 16.94M | ▲ 37.07K |
| State Street Corp | 16.85M | ▲ 79.97K |
| Fmr LLC | 14.16M | ▼ 1.65M |
| Geode Capital Management, LLC | 9.04M | ▲ 3.72K |
| Morgan Stanley | 8.88M | ▲ 623.79K |
| Norges Bank | 5.81M | ▲ 5.81M |
| Ubs Group AG | 5.40M | ▲ 800.52K |
| Goldman Sachs Group Inc | 4.74M | ▲ 1.40M |
| Invesco Ltd. | 3.71M | ▲ 560.12K |
Held by 1,314 ETFs
Biggest fund positions in VST by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Sep 8, 26 | Moldovan Kristopher E. | sell | 20,000 |
| Sep 8, 26 | HUDSON SCOTT A | sell | 7,777 |
| Sep 8, 26 | HUDSON SCOTT A | sell | 28,826 |
| Sep 8, 26 | HUDSON SCOTT A | sell | 7,841 |
| Sep 1, 26 | BURKE JAMES A | buy | 4,465 |
| Aug 31, 26 | BURKE JAMES A | buy | 2,200 |
| Aug 24, 26 | BURKE JAMES A | buy | 2,000 |
| Jun 18, 26 | SULT JOHN R | sell | 6,500 |
| Jun 18, 26 | Acosta Arcilia | sell | 7,500 |
| Jun 18, 26 | Acosta Arcilia | sell | 7,500 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our VST coverage
Recent articles, reports, and earnings notes.

Vistra Corp. (VST): AI Power Demand and Nuclear Upside
Vistra offers a Buy case built on rising ERCOT and PJM load, long-term nuclear contracts, and a diversified generation fleet. Financial leverage remains elevated, but the company’s integrated retail and power platform gives it meaningful upside if demand trends hold.

The next AI infrastructure trade is the grid, not another nuclear moonshot
AI data-center demand is exposing an immediate bottleneck in transformers, switchgear, transmission and generation capacity, while nuclear remains a longer-dated option. The cleaner trade is the grid equipment already converting that shortage into orders and earnings, not another speculative reactor story.

AI’s next bottleneck is electricity, not chips
The AI infrastructure race is becoming a power-and-grid race, as AMD’s 2.5 GW agreement and a proposed $100 billion data-center campus show. That favors electrical equipment, engineering, storage, and reliable generation over the latest chip headline alone.
Want a deeper read on VST?
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Vistra Gets $4.2B Federal Loan to Add Nuclear Power Meta Already Bought
benzinga.com · Oct 5
Vistra, An S&P 500 Nuclear Stock, Pops Above Key Level. Here's Why.
investors.com · Oct 5
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schaeffersresearch.com · Oct 5
Vistra stock rallies on federal financing reports
invezz.com · Oct 5
Vistra (VST) Is Considered a Good Investment by Brokers: Is That True?
zacks.com · Oct 5
Vistra (NYSE: VST) extends revolving credit maturity to September 2027
defenseworld.net · Oct 5
Vistra's $4B DOE Loan Ignites Great Nuclear Rally
seekingalpha.com · Oct 5
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed October 2, 2026 · Live quote · Not investment advice