VST
Vistra Corp.

Vistra Corp.VST

Utilities · Utilities - Independent Power Producers
112.89USD
-6.15%
Nov 06, 2026
VST overview ready
Integrated U.S. Electricity generation and retail supplier to diverse customers
Vistra is a large competitive U.S. Power producer and retailer with a diversified fleet spanning natural gas, nuclear, coal, solar, and battery storage.
Primary theme is lagging
Power / Grid is lagging (-20.4pp vs SPY over 21 sessions; 7 of 32 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Regulatory and policy changes in energy markets.
Market Nov 5Filing Jun 30Price action Nov 5Research Oct 21

Conviction Level

PriceAction3.4BusinessPerformance—BusinessQuality6.0Valuation5.3ThemeMomentum1.0This company's quarterly figures could not be reconciled to its filed statement totals, so no performance read is shown.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Power / GridLagging
vs SPY
−20.4pp
Theme return
−21.9%
Beating SPY
7 of 32
21 sessions to Nov 4, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$40.4B
Avg Volume (60D)
6.8M
60 sessions
Revenue Growth YoY
+19.1%
FY2025 vs FY2024
Gross Margin
+27.3%
Trailing twelve months
Operating Margin
+18.8%
Trailing twelve months
Free Cash Flow Yield
+5.6%
Distance from 200DMA
-26.0%
Next Earnings
2026-11-06
P/E
18.2x
EV / EBITDA
11.3x
EV / Sales
3.2x
Market metrics as of Nov 4, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Business Performance

Insufficient evidence

This company's quarterly figures could not be reconciled to its filed statement totals, so no performance read is shown.

Business Quality

6.0 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

All three valuation perspectives agree this company is fair.
Vistra Corp. has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

What changed

  • VST fell 13.8% in one session
    VST closed -13.8% against a broad market that moved +1.6%.
    2026-11-04

Company Research

Thesis
Vistra is a large competitive U.S. Power producer and retailer with a diversified fleet spanning natural gas, nuclear, coal, solar, and battery storage.
Opportunity
High opportunity
Demand from hyperscalers, data centers, industrial customers, and constrained regional power markets for firm electricity, capacity, and long-duration contracted supply from dispatchable generation fleets.
Key risk
Regulatory and policy changes in energy markets.

Economic classification

Loading the economic classification…

Business & Markets

Utilities · Utilities - Independent Power Producers
What they do

Vistra Corp. operates as an integrated retail electricity and power generation company in the U.S., managing electricity retail, generation, wholesale energy trading, and fuel logistics across multiple regional segments.

How it earns

The company generates revenue primarily through transactional sales of electricity and natural gas to residential, commercial, and industrial customers.

Products & services
Electricity retail
Natural gas retail
Electricity generation
Wholesale energy trading
Fuel procurement and logistics
Customers & end markets
Residential customers
Commercial customers
Industrial customers
Market position

Leader in integrated power generation and retail electricity markets in the United States.

Demand drivers
Medium cyclicality

Demand for electricity is relatively stable but can be influenced by economic cycles, weather, and regulatory changes.

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