Goldman Sachs’ 35 AI Superstars

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. There are numerous factors that make this company a smart investment choice. An important factor is the company’s strong financial performance and consistent operational efficiency, illustrated in the quarterly reports for the fiscal year 2024. In the third quarter of 2024, the company reported Net Income from Ongoing Operations of $1,855 million and Adjusted EBITDA of $1,444 million, reflecting a substantial improvement in profitability. Comparatively, in the second quarter of 2024, the company recorded net income of $492 million and Adjusted EBITDA of $1,414 million, showcasing steady operational efficiency but a significant increase in net income in Q3. Moreover, the company has secured 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. This may hold investment potential as the surge in electricity demand from AI-driven data centers and cloud-computing infrastructure would further fuel Vistra’s growth.