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Vistra Corp. (VST) Stock Falls Amid Market Uptick: What Investors Need to Know
ZACKS· 2024-10-29 22:50
Vistra Corp. (VST) ended the recent trading session at $126.66, demonstrating a -0.88% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.16%. Elsewhere, the Dow saw a downswing of 0.37%, while the tech-heavy Nasdaq appreciated by 0.78%. Shares of the company have appreciated by 7.79% over the course of the past month, outperforming the Utilities sector's loss of 2.61% and the S&P 500's gain of 1.67%. Market participants will be closely following the ...
Vistra Corp. (VST) Advances While Market Declines: Some Information for Investors
ZACKS· 2024-10-23 22:50
In the latest trading session, Vistra Corp. (VST) closed at $126.11, marking a +0.86% move from the previous day. This move outpaced the S&P 500's daily loss of 0.92%. Elsewhere, the Dow saw a downswing of 0.96%, while the tech-heavy Nasdaq depreciated by 1.6%.The company's shares have seen an increase of 11.25% over the last month, surpassing the Utilities sector's loss of 1.17% and the S&P 500's gain of 2.68%.Analysts and investors alike will be keeping a close eye on the performance of Vistra Corp. in it ...
Is Vistra Stock a Buy, Sell or Hold at a P/E Multiple of 22.6X?
ZACKS· 2024-10-23 18:45
Core Viewpoint - Vistra Corp. is currently trading at a premium valuation compared to its industry peers, raising questions about whether this premium is justified given its recent financial performance and market conditions [1][3]. Valuation Comparison - Vistra's forward 12-month price-to-earnings (P/E) ratio is 22.6X, significantly higher than the Zacks Utility Electric Power industry average of 16.79X [1]. - Compared to Duke Energy Corporation, which has a P/E ratio of 19.1X, Vistra's premium valuation is notable [1]. Financial Performance - Vistra's total debt to capital ratio is 68.5%, exceeding the industry average of 60.05%, primarily due to the acquisition of Energy Harbour Corporation [4]. - The company's current ratio is 0.98, indicating potential liquidity issues as current liabilities surpass current assets [4]. - Operating costs and selling, general, and administrative expenses increased by 30% and 21.6%, respectively, in the first half of 2024, leading to a decline in operating income and net income by 48.08% and 58.7% year-over-year [4]. Earnings Estimates and Surprises - Vistra has experienced negative earnings surprises in the last four quarters, with an average negative surprise of 83.33% [5][6]. - Earnings estimates for 2024 and 2025 have declined by 2.67% and 13.7%, respectively, over the past 60 days, reflecting analysts' decreasing confidence in the stock [7]. Growth Opportunities - The demand for clean electricity is projected to increase by 55 gigawatts (GW) by 2030, driven by U.S. data centers and electrification in the Permian region [10]. - Vistra's acquisition of Energy Harbor Corporation added nearly 4,000 megawatts (MW) of nuclear generation capacity, enhancing its overall capacity to 6,400 MW [10]. - Major tech companies are expected to invest nearly $1 trillion in data centers over the next five years, positioning Vistra to benefit from this rising demand [10]. Strategic Initiatives - Vistra has a comprehensive hedging program in place, with substantial generation volumes for 2024 and 2025 already hedged [11]. - The company operates large energy storage projects totaling 1,020 MW, which support grid stability and the development of renewable energy projects [11]. Shareholder Value - Vistra plans to execute at least $2.25 billion in share repurchases from 2024 to 2025 and at least $1 billion in 2026, having already repurchased $4.25 billion in shares since November 2021 [12]. - The company also intends to pay $300 million in aggregate common dividends annually from 2024 to 2026 [12].
Vistra to Report Third Quarter Results on Nov. 7, 2024
Prnewswire· 2024-10-07 20:30
IRVING, Texas, Oct. 7, 2024 /PRNewswire/ -- Vistra (NYSE: VST) plans to report its third quarter 2024 financial and operating results on Thursday, Nov. 7, 2024, during a live conference call and webcast beginning at 10 a.m. ET (9 a.m. CT). The live webcast can be accessed via Vistra's website at www.vistracorp.com under "Investor Relations" and then "Events & Presentations." Participants can also listen by phone by registering here prior to the start time of the call to receive a conference call dial-in num ...
Energy Giant Vistra Shoots Up to Its New All-Time High
GuruFocus· 2024-10-03 15:45
Core Insights - Vistra Corp's stock price has reached an all-time high as of October 3, 2024, driven by strong financial performance and increased demand for energy linked to its nuclear power assets [1][3] - The company has outperformed the S&P 500 in 2024, with a more significant increase than the average stock in the index, attributed to its strategic focus on nuclear energy and the rising energy needs associated with artificial intelligence [1][2] Financial Performance - Vistra Corp has demonstrated strong financial performance, which, combined with its nuclear assets, positions the company for continued success [2][3] - Increased investor confidence is noted, with many believing that Vistra Corp's stock price still has room to grow [3] Industry Context - Nuclear energy is recognized as a reliable and steady supply of energy, essential for meeting the demands of a growing economy [2] - Compared to fossil fuels, nuclear power is more eco-friendly, generating minimal greenhouse gas emissions and contributing to reduced carbon footprints [2] - The demand for green energy, particularly driven by the rapid development of artificial intelligence, is seen as beneficial for companies like Vistra Corp that own and operate nuclear plants [2]
Meet the Best-Performing Stock in the Entire S&P 500 This Year -- No, It's Not Nvidia
The Motley Fool· 2024-10-02 09:17
This energy stock has tripled in 2024 so far, comfortably outperforming every other stock in the S&P 500 including Nvidia. The S&P 500 (^GSPC -0.93%) is up 21.5% in 2024 so far, which is more than twice its average annual return since it was established in 1957. But some stocks in the index are performing even better, especially those participating in the artificial intelligence (AI) revolution. Nvidia (NASDAQ: NVDA) stock, for example, is up a whopping 145% this year. It's struggling to keep up with demand ...
Broken Equilibrium: How Vistra Is Growing Like A Startup
Seeking Alpha· 2024-10-01 19:38
Monty Rakusen Independent power producers are behaving like bubble stocks and Vistra Corp. (NYSE:VST) is the head of the pack. Vistra is up 193% year-to-date. Constellation Energy Corporation (CEG) is up 122% year-to-date. Talen Energy Corporation (TLN) is up 184% year-to-date. GE Vernova Inc. (GEV) is up 92% since its recent listing. GEV is not an IPP but is a key supplier. Weird things like this happen in the market all the time, but what strikes me as even stranger here is that these massive moves might ...
Up 200%, Is Vistra Stock Still a Buy?
The Motley Fool· 2024-10-01 10:15
Should you bet on the S&P 500's top-performing stock in 2024? With shares up 200% year to date, Vistra (VST 0.70%) recently surpassed Nvidia to become the S&P 500's top-performing stock in 2024. While this utility company is far from a traditional artificial intelligence (AI) stock, it could help meet the growing need for affordable clean energy as power-hungry AI tech becomes mainstream. Let's dig deeper to see if the recent hype is justified. What is Vistra? Vistra is an Irving, Texas-based utility compan ...
Here's the Best-Performing S&P 500 Stock of 2024 (Hint: It's Not Nvidia)
The Motley Fool· 2024-09-29 18:16
A retail electricity provider and power generator has outshone the glamor technology stocks this year. Power utilities aren't always seen as the most exciting way to invest, but investors might need to rethink that opinion, because the top-performing S&P 500 index stock of the year is retail electricity and power generation utility Vistra (VST 3.12%), up a whopping 210% this year. That beats Nvidia's (NASDAQ: NVDA) 155% increase. The two events are not unconnected. Here's why and how Vistra stock has perfor ...
Vistra Remains Cheap After The Monstrous Rally - Near Term Correction Likely
Seeking Alpha· 2024-09-28 13:30
Core Insights - The article emphasizes the importance of conducting personal in-depth research and due diligence before making investment decisions, highlighting the inherent risks involved in trading [3]. Group 1 - The analysis is intended for informational purposes only and should not be considered as professional investment advice [3]. - There is a clear disclaimer regarding the lack of any stock or derivative positions in the companies mentioned, indicating a neutral stance [2]. - The article expresses the author's personal opinions and does not reflect the views of Seeking Alpha as a whole [4].