Jim Cramer’s Best Performers List: 12 Stocks Cramer is Talking About

5. Vistra Corp. (NYSE:VST)

Number of Hedge Fund Holders: 92

While Cramer said that Vistra Corp. (NYSE:VST) is a little overdone, he still likes the stock. He stated:

“Third is a company we’ve been talking increasingly about this year. It’s called Vistra and this one’s about the data center too. Vistra’s one of the largest independent power producers. Nuclear capacity, which means reliable carbon-free energy. Data centers are voracious consumers of energy and the companies that use them can’t get enough of. Now. I personally think the stock’s a little overdone given its 479% move, but the next time it has one of its monster pullbacks, which do occur, I would do some buying.”

Vistra Corp. (NYSE:VST) is a retail electricity and power generation company. The company serves residential, commercial, and industrial customers across the United States and the District of Columbia, providing both electricity and natural gas. In addition to its retail operations, the company is actively involved in electricity generation, wholesale energy transactions, commodity risk management, fuel production, and fuel logistics management.

Currently, the company has a generation capacity of 41,000 megawatts (MW), with 24,000 MW sourced from natural gas. However, the market’s attention has increasingly turned towards the company’s 6,400 MW of nuclear power. The company increased its nuclear power capacity as it added 4,000 MW of nuclear capacity through the purchase of Energy Harbor in March for $3.43 billion.

The deal not only added four nuclear-generating facilities to Vistra Corp.’s (NYSE:VST) portfolio but also positioned the company as holding the second-largest energy storage capacity in the United States, with 1,020 MW. The timing of the acquisition aligns well with the current enthusiasm surrounding generative AI, potentially providing the company with advantageous opportunities.

In September, the company announced plans to acquire the remaining 15% of Vistra Vision, the subsidiary that runs its nuclear-generation facilities, renewable energy projects, and energy storage operations.