11 Most Promising Stocks According to Analysts

4. Vistra Corp. (NYSE:VST)

Number of Hedge Fund Holders: 120

Average Upside Potential as of April 23: 42.85%

Vistra Corp. (NYSE:VST) operates as an integrated retail electricity and power generation company through five segments: Retail, Texas, East, West, and Asset Closure. It serves around 5 million customers with a generation capacity of about 41,000 megawatts, with a portfolio of natural gas, nuclear, coal, solar, and battery energy storage facilities.

The company reported a revenue of just over $4 billion in Q4 2024, which was up 31.16% year-over-year. In early March, Bank of America Securities had upgraded the stock to Buy from Neutral with a price target of $152, which was down from $164. The firm believes that Vistra Corp. (NYSE:VST) is poised to benefit from tightening markets, increasing demand, and retail growth. More recently, BofA maintained its Buy rating on VST stock and adjusted the price target from $152 to $148, on April 15.

In 2024, Vistra acquired 3 nuclear sites and gained around 1 million customers, together with 2,000 new employees. It then became the second-largest nuclear fleet in the US. Vistra also solidified 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 is assessing nuclear fleet upgrades that could grow capacity by ~10% over the next 10 years.

ClearBridge Growth Strategy stated the following regarding Vistra Corp. (NYSE:VST) in its Q1 2025 investor letter:

“Volatility also created entry points to motivate our first purchase in the utility sector, Vistra Corp. (NYSE:VST), as well as reduce our underweight to the consumer discretionary sector with the addition of CAVA Group. Vistra is the largest competitive power generator in the U.S. with a 41 GW fleet of power plants diversified by geography and fuel sources. Long-term fundamentals of the deregulated power markets remain constructive with Vistra well positioned to benefit from continued tightening in its primary PJM (Pennsylvania, New Jersey, Maryland Interconnection) and ERCOT (Texas) markets. Pending regulatory clarity could also pave the way for additional power purchase agreements with hyperscalers and act as a positive catalyst for independent power producer stocks. These agreements, in combination with federal subsidies for nuclear plants, have the potential to improve visibility and lower earnings variability across the industry.”