1. Vistra Corp. (NYSE:VST)
Number of Hedge Funds Holders: 120
Vistra Corp. (NYSE:VST), a prominent integrated retail electricity and power generation company, continues to diversify its clean energy portfolio while retaining robust financial performance. Vistra Corp. is strategically positioned to meet the increasing demand for sustainable power solutions in the U.S. with a diverse generation capacity of nearly 41,000 megawatts.
Vistra Corp. (NYSE:VST) reported an outstanding adjusted EBITDA of $5.65 billion in 2024, which surpasses the top end of its original guidance. The company’s integrated business model blends competitive retail operation with a broad generation portfolio that includes nuclear, renewable energy, and natural gas, supporting its strong financial performance. The current developments of its clean energy initiative are in line with the growing focus on grid reliability and sustainability.
Moreover, Vistra Corp. made key advancements in solidifying its zero-carbon generation portfolio. The company made progress in several renewable projects, including battery storage and solar facilities, with over 600 megawatts of new capacity in development. Vistra Corp. (NYSE:VST) is assessing potential nuclear fleet upgrades that could grow capacity by nearly 10% over the next 10 years. The company’s role in the transition to cleaner energy sources is strengthened by these strategic investments.
In addition, Vistra Corp. declared a quarterly dividend of $0.22 per share with an approximate aggregate payment of $75 million that is to be paid by the end of March. The board also announces a bi-annual dividend of $40.00 per preferred share on its 8.0% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock. Thus, Vistra Corp.’s (NYSE:VST) robust financial foundation and rigorous capital allocation strategy are reflected through these shareholder returns.
Vistra Corp. (NYSE:VST) remains strongly positioned to utilize the rising demand for renewable power as it continues to broaden its clean energy footprint. The company outshines as one of the Best Clean Energy Stocks for investors seeking opportunities in the evolving energy landscape with its dedication to sustainability and innovation.
Overall, Vistra Corp. (NYSE:VST) ranks first on our list of the Best Alternative Energy Stocks to Buy Now. While we acknowledge the potential of VST, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VST but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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