10 S&P 500 Stocks That Outperformed Bitcoin in 2024

2. Vistra Corp. (NYSE:VST)

1-Year Price Performance: 263.29%

Number of Hedge Fund Holders: 97

Located in Texas, Vistra Corp (NYSE:VST) is a vertically integrated energy corporation with a wide range of businesses, including fuel manufacturing, wholesale energy sales, logistics, and power generating. The company supplies natural gas and electricity to its commercial, industrial, and residential clients.

On January 21, BMO Capital Markets raised its price target for Vistra Corp. (NYSE:VST) shares to $191 from $151, while maintaining an Outperform rating. The adjustment comes following a fire at the company’s Moss Landing BESS facility in January. Despite the possibility of an extended schedule to restart the facility, the analyst believes the impact on Vistra Energy’s performance in 2025 and 2026 will be tolerable.

Vistra Corp (NYSE:VST) announced revenues of $6.29 billion in the third quarter of 2024, up 54% from the previous year and above expert projections of $5.01 billion. Earnings per share were $1.24, more than the expected $1.16. In addition, Vistra’s Board authorized an extra $1 billion for repurchases, with $2.2 billion remaining, which is projected to be completed by the end of 2026.