Billionaire Stan Druckenmiller Is Betting On AI Infrastructure, Tobacco and Industrial Stocks

3. Vistra Corp. (NYSE:VST)

Number of Hedge Fund Holders: 92 

Duquesne Capital’s Stake: $225,717,000

Vistra Corp. (NYSE:VST) operates as an integrated retail electricity and power generation company. Earlier this year, the company purchased Energy Harbor, another energy firm, in a deal worth $3.4 billion. This acquisition has given a significant boost to the guidance numbers of the firm. The company recently confirmed that it was anticipating a contribution of over $900 million in 2025 and over $1.1 billion in 2026 to corporate adjusted EBITDA following the purchase. The utility firm also expects $200 million in run-rate synergies by the end of 2026 as it further integrates operations with Energy Harbor. The nuclear assets of the latter are also important since the AI data center boom is forcing tech giants to turn towards sustainable energy sources for their power needs to please their ESG investors.

Vistra Corp. (NYSE:VST) has thus been earning bullish ratings from analysts on Wall Street. For example, Morgan Stanley recently raised the price target on the stock to $110 from $109 and kept an Overweight rating, highlighting that in July, utilities outperformed the 1.22% return of the benchmark S&P by 560 bps. In the investor note, the advisory further added that the strong and stable free cash flow of Vistra was underappreciated at the current price.