10 Best Stocks to Buy According to Billionaire Ray Dalio

5. Vistra Corp. (NYSE:VST)

Bridgewater Associates Equity Stakes: $244.51 Million

Number of Hedge Fund Holders: 120

Vistra Corp. (NYSE:VST) is an integrated retail electricity and power generation company. It retails electricity and natural gas to residential, commercial, and industrial customers. It is also involved in electricity generation and wholesale energy purchases and sales. It was one of the best-performing stocks in Ray Dalio’s portfolio after rallying 102% in 2024.

The impressive run came amid growing expectations that Vistra Corp. (NYSE:VST) would be the biggest beneficiary of the growing demand for energy needed to power data centers amid the artificial intelligence revolution. That was evident as the company delivered better than expected fourth quarter and full year 2024 results as it benefited from rising demand for its nuclear power needed to power data centers.

Net income in the quarter totaled $490 million, a significant improvement from a net loss of 184 million in the same quarter in fiscal 2023. Full-year revenue increased by $4.04 billion to $17.22 billion. Amid the better-than-expected financial results, Vistra Corp also moved to strengthen its long-term prospects amid growing demand for power. It acquired three nuclear sites and secured about one million retail customers last year. Along with effectively expanding its retail division, Vistra Corp. (NYSE:VST) also successfully acquired Energy Harbor, adding nuclear, retail, and renewable assets to its portfolio.