35 AI News and Ratings You Should Not Miss

Page 24 of 35

12. Vistra Corp. (NYSE:VST)

Number of Hedge Fund Holders: 92  

Vistra Corp. (NYSE:VST) operates as an integrated retail electricity and power generation company. On October 22, Seaport Research raised the price target on the stock to $155 from $126 and kept a Buy rating on the shares. The advisory said it continued to scrutinize the valuations and cash generation of thermal and renewable power IPPs, struggling to see growth in cash EBITDAs of large renewable power developers despite billions in annual investments. Meanwhile, thermal IPPs were expanding their gas/nuclear plants under long-term contracts and yet no one tried to strip out their devco-related overheads or assign billions to their internal plant development capabilities, the advisory added. Vistra remained one of the top picks for thermal and renewable power IPPs, per Seaport Research.

Page 24 of 35