Blackrock’s 30 Most Important AI Stocks

11. Vistra Corp. (NYSE:VST)

Number of Hedge Fund Holders: 97  

Vistra Corp. (NYSE:VST) operates as an integrated retail electricity and power generation company. It has become the center of attention in the finance world due to AI-related power demand. There are other reasons to invest in the stock as well, including solid fundamentals. As per the report of the third quarter of 2024, net income increased by $1,335 million from the third quarter of 2023, driven primarily by unrealized mark-to-market gains on derivative positions and the addition of Energy Harbor. In addition, the cash flow from operations was $1,702 million, indicating strong operational cash generation. The company has advanced its efforts in solar energy storage and nuclear by securing two power purchase agreements at new solar facilities, together totaling over 600 MW, with two of the world’s leading tech companies – one for 200 MW with Amazon in Texas and one for 405 MW with Microsoft in Illinois. Moreover, the company plans to acquire the entire 15% minority interest in its Vistra Vision subsidiary, which will make Vistra the sole owner of its highly valuable, carbon-free assets. This acquisition will increase nuclear ownership by 970 MW and solar and energy storage ownership by 200 MW.