30 Best Stocks To Invest In According to Billionaires

10. Vistra Corp. (NYSE:VST)

No. of Billionaire Investors: 25

Total Value of Billionaire Holdings: $2.87 Billion

Vistra Corp. (NYSE:VST) is a leading player in integrated retail electricity and power generation. Utilities such as Vistra have surged as demand for power increases and tech giants continue to invest billions of dollars into AI technologies and their infrastructure.

Vistra Corp. (NYSE:VST) has a diversified energy portfolio, including natural gas, nuclear, coal, solar, and battery storage facilities. This diversified portfolio positions the company to achieve strong results. In Q4 2024, the company achieved a net income of $490 million. The company’s adjusted EBITDA reached $5.66 billion for FY2024, surpassing the top end of the original guidance range by $856 million.

Last year, the company completed a major acquisition, adding three nuclear sites, approximately one million retail customers in the PJM market, and 2,000 new employees, positioning itself as the second-largest competitive nuclear operator in the U.S. In addition to that, the company expanded its renewable energy footprint by launching two solar-plus-storage facilities and securing two major power purchase agreements.

Carillon Eagle Mid Cap Growth Fund stated the following regarding Vistra Corp. (NYSE:VST) in its Q3 2024 investor letter:

“Vistra Vistra Corp. (NYSE:VST) is an integrated retail electricity and power generation company. As an independent power producer (IPP), Vistra primarily generates revenue from selling its generated power at the prevailing market price. As a result of recent growth in future power demand, the company’s shares have soared on investors’ expectations for future power prices. The potential for Vistra to announce future power purchase agreements (PPAs) with large technology companies in order to satisfy the extraordinary power requirements of these companies’ artificial intelligence (AI) endeavors, in a similar manner to some of Vistra’s closest IPP peers, has also provided a tailwind for the stock.”