VST — Vistra Corp.

Utilities · Utilities - Independent Power Producers

About Vistra Corp.

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company in the United States. The company operates through five segments: Retail, Texas, East, West, and Asset Closure. The company retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia. It is also involved in electricity generation, wholesale energy purchases and sales, commodity risk management, fuel procurement, and fuel logistics management activities. In addition, the company engages in decommissioning and reclamation of retired generation facilities, including mines, and battery removal and remediation activities. It serves approximately 5 million customers with a generation capacity of approximately 44,000 megawatts with a portfolio of natural gas, nuclear, coal, solar, and battery energy storage facilities. The company was formerly known as Vistra Energy Corp. and changed its name to Vistra Corp. in July 2020. Vistra Corp. was founded in 1882 and is based in Irving, Texas.

Power producers & utilities

One bucket, two very different business models. Regulated utilities (Duke, Southern, Dominion, PSEG, Entergy) earn a government-set return on the grid they build; they are slow, defensive and rate-sensitive — bond-like stocks funding big capital programs. Independent power producers (Vistra, NRG, Talen) sell electricity at market prices, so tightening power markets flow straight into their earnings — which is why the IPPs re-rated violently when data-center demand met a grid short on capacity, while the regulated names barely moved. Know which model you own before reading a chart here: the IPPs trade like growth stocks with commodity torque, the utilities like interest-rate instruments with a capex story. Vistra owns gas, nuclear and coal plants selling into competitive power markets — the defining data-center-power stock of this cycle.

Key data · delayed ~15 min, as of 1 August 2026

TickerVST
CompanyVistra Corp.
Price$148.19
Market cap$50.0B
Sector / industryUtilities / Utilities - Independent Power Producers
Analyst mean target$222 (18 analysts, strong_buy)

Valuation read

What the price implies: the market is pricing in roughly ~1%/yr earnings growth (modest), on a reverse-DCF of forward earnings ($10.33). Run your own assumptions in the fair-value calculator.

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Market data is delayed ~15 minutes and provided for education, not as financial advice. "Hot" means attention, not direction.