10 Best Momentum Stocks to Buy According to Hedge Funds

4. Vistra Corp. (NYSE:VST)

Number of Hedge Fund Holders: 97 

Vistra Corp. (NYSE:VST) is a leading energy company primarily engaged in the generation and retail of electricity. It operates through a diversified portfolio of power generation facilities, including natural gas, coal, and renewable energy sources.

Vistra Corp. (NYSE:VST) has seen a mix of developments in the last few months, with both challenges and growth drivers. A fire at its Moss Landing Energy Storage Facility in California in mid-January 2025 raised concerns about safety, as the blaze prompted the evacuation of 1,500 people. Fortunately, no injuries were reported, and the fire was contained, but the incident has prompted an ongoing investigation.

On a positive note, Vistra Corp. (NYSE:VST) is set to report its full-year and fourth-quarter 2024 financial results on February 27, with analysts optimistic about the company’s performance. Evercore ISI recently resumed coverage of the stock with an “Outperform” rating, driven by the company’s solid position in the power generation market and growth in cash flow and EBITDA.

As of Q3 2024, Vistra Corp. (NYSE:VST) is being closely watched by institutional investors, with 97 hedge funds holding a position in the stock, according to the Insider Monkey Q3 2024 hedge fund database.