10 Firms Mirror Wall Street Bloodbath

8. Vistra Corp. (NYSE:VST)

Vistra Corp. declined by 7.71 percent on Monday to finish at $106.52 apiece as investor sentiment was dampened by news of a $10 billion budget cut in various clean energy projects.

The lower spending, as triggered by Elon Musk’s Department of Government Efficiency, could result in disrupted government contracts, job cuts, and lower budget for clean energy programs, which VST is heavily invested in.

According to VST, it is set to release the results of its first quarter performance on Wednesday, May 7, where investors will be watching out for whether it could sustain its strong earnings performance, as well as its outlook for the full year of 2025.

In the fourth quarter of 2024, VST said it swung to a net income of $490 million from a $184 million net loss in the same period a year earlier.

Net income in full-year 2024 alone surged by 88 percent to $2.8 billion from $1.49 billion in 2023.