Vistra Corp. · VST · FY2025 Q1 · Calendar Q2 2025
Vistra: AI-linked power demand supports confident outlook, with policy risks
The supplied analysis supports a constructive operating narrative: management cited AI and hyperscaler demand, project development, hedging, and potential nuclear capacity growth. The thesis is tempered by regulatory uncertainty, execution risk, and the absence of reported-versus-consensus actuals in the supplied facts.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Management highlighted continued demand growth from data centers and AI, more than 600 MW of renewable projects under construction, cost-advantaged peaker projects, and potential nuclear uprates. The company also emphasized hedging coverage and maintained its 2025 guidance.
Guidance delta
Maintained: management reaffirmed 2025 adjusted EBITDA guidance.
Key takeaways
- Management described data-center and AI-related electricity demand as a structural growth driver.
- The company highlighted hedging, renewable and storage projects, peaker development, and potential nuclear uprates.
- Regulatory and policy uncertainty around SB6, FERC co-location matters, and PJM capacity rules remains material.
Management priorities
- Execute solar, storage, and peaker projects.
- Pursue potential nuclear uprates and data-center co-location opportunities.
- Maintain capital allocation across buybacks, dividends, and targeted growth projects.
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 11, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| BMO Capital | Outperform | Outperform | Maintain | Oct 5, 2026 |
| Bernstein | Outperform | Outperform | Maintain | Oct 1, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Aug 21, 2026 |
| TD Cowen | Buy | Buy | Maintain | Aug 19, 2026 |
| UBS | Buy | Buy | Maintain | Jul 28, 2026 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Jul 15, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Apr 30, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Feb 27, 2026 |
| Jefferies | Buy | Hold | Upgrade | Feb 10, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jan 12, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Nov 7, 2025 |
| Seaport Global | Buy | Buy | Maintain | Oct 8, 2025 |
| Goldman Sachs | Neutral | Neutral | Maintain | Aug 13, 2025 |
| Guggenheim | Buy | Buy | Maintain | Oct 8, 2024 |
| RBC Capital | Outperform | Outperform | Maintain | Oct 3, 2024 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Jul 7, 2021 |
| Credit Suisse | Outperform | Outperform | Maintain | Jun 3, 2021 |
| Vertical Research | Buy | Buy | Maintain | Feb 25, 2020 |
| Bank of America | Buy | Neutral | Upgrade | Nov 7, 2019 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Sep 17, 2019 |
| Citigroup | Buy | Buy | Maintain | Sep 9, 2019 |
| Deutsche Bank | Buy | Buy | Maintain | Nov 5, 2018 |
| Barclays | Equal Weight | Equal Weight | Maintain | Jun 8, 2017 |
Named analyst price targets
Upside is calculated against the persisted current price $161.48. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| BMO Capital | Analyst unavailable | $210 | $144.85 | +30.0% | Oct 5, 2026 |
| Williams Trading | Analyst unavailable | $202 | $139.75 | +25.1% | Oct 2, 2026 |
| Bernstein | Sunaina Ocalan | $181 | $138.37 | +12.1% | Oct 1, 2026 |
| Mizuho Securities | Anthony Crowdell | $169 | $136.21 | +4.7% | Aug 24, 2026 |
| BNP Paribas | Analyst unavailable | $255 | $141.38 | +57.9% | Aug 19, 2026 |
| Goldman Sachs | Analyst unavailable | $206 | $147.25 | +27.6% | Aug 12, 2026 |
| Wells Fargo | Shahriar Pourreza | $212 | $140.59 | +31.3% | Aug 10, 2026 |
| UBS | William Appicelli | $227 | $150.7 | +40.6% | Jul 28, 2026 |
| Scotiabank | Analyst unavailable | $298 | $159.23 | +84.5% | Jul 15, 2026 |
| Morgan Stanley | David Arcaro | $210 | $164.26 | +30.0% | Jun 24, 2026 |
| Bernstein | Sunaina Ocalan | $187 | $158.61 | +15.8% | Jun 16, 2026 |
| Seaport Global | Analyst unavailable | $230 | $153.93 | +42.4% | Jun 15, 2026 |
| Morgan Stanley | Analyst unavailable | $212 | $148.51 | +31.3% | May 21, 2026 |
| Jefferies | Julien Dumoulin-Smith | $190 | $144 | +17.7% | May 21, 2026 |
| Raymond James | Analyst unavailable | $208 | $163.61 | +28.8% | Apr 27, 2026 |
| Morgan Stanley | David Arcaro | $208 | $156.31 | +28.8% | Apr 21, 2026 |
| BMO Capital | James Thalacker | $241 | $172.43 | +49.2% | Mar 2, 2026 |
| Morgan Stanley | David Arcaro | $215 | $171.4 | +33.1% | Feb 20, 2026 |
| Jefferies | Julien Dumoulin-Smith | $203 | $152.97 | +25.7% | Feb 10, 2026 |
| Goldman Sachs | Carly Davenport | $205 | $143.07 | +27.0% | Feb 6, 2026 |
| Morgan Stanley | Analyst unavailable | $227 | $156.6 | +40.6% | Jan 21, 2026 |
| Wells Fargo | Shahriar Pourreza | $236 | $166.6 | +46.1% | Jan 20, 2026 |
| Scotiabank | Andrew Weisel | $293 | $176.29 | +81.4% | Jan 12, 2026 |
| UBS | William Appicelli | $233 | $174.57 | +44.3% | Jan 12, 2026 |
| BMO Capital | James Thalacker | $244 | $166.37 | +51.1% | Jan 12, 2026 |
| Seaport Global | Analyst unavailable | $232 | $166.8 | +43.7% | Jan 6, 2026 |
| BMO Capital | James Thalacker | $230 | $162.93 | +42.4% | Jan 6, 2026 |
| Morgan Stanley | David Arcaro | $228 | $172.72 | +41.2% | Dec 16, 2025 |
| KeyBanc | Analyst unavailable | $217 | $175.14 | +34.4% | Nov 24, 2025 |
| Morgan Stanley | Analyst unavailable | $225 | $176.4 | +39.3% | Nov 20, 2025 |
| Wells Fargo | Analyst unavailable | $238 | $199.3 | +47.4% | Oct 27, 2025 |
| Seaport Global | Analyst unavailable | $242 | $202.72 | +49.9% | Oct 8, 2025 |
| BMO Capital | James Thalacker | $236 | $202.42 | +46.1% | Oct 3, 2025 |
| Morgan Stanley | Analyst unavailable | $223 | $201.62 | +38.1% | Sep 25, 2025 |
| Scotiabank | Andrew Weisel | $256 | $217.92 | +58.5% | Sep 22, 2025 |
| Daiwa | Analyst unavailable | $250 | $208.31 | +54.8% | Sep 17, 2025 |
| Morgan Stanley | David Arcaro | $207 | $190.28 | +28.2% | Aug 21, 2025 |
| BMO Capital | James Thalacker | $229 | $208.64 | +41.8% | Aug 12, 2025 |
| Jefferies | Julien Dumoulin-Smith | $241 | $202.12 | +49.2% | Aug 8, 2025 |
| Evercore ISI | Durgesh Chopra | $192 | $152.06 | +18.9% | May 15, 2025 |
| Goldman Sachs | Analyst unavailable | $134 | $98.07 | -17.0% | Apr 4, 2025 |
| Daiwa | Analyst unavailable | $120 | $126.87 | -25.7% | Mar 5, 2025 |
| RBC Capital | Shelby Tucker | $141 | $132.45 | -12.7% | Oct 3, 2024 |
| Jefferies | Julien Dumoulin-Smith | $137 | $111.63 | -15.2% | Sep 23, 2024 |
| Morgan Stanley | David Arcaro | $132 | $107.88 | -18.3% | Sep 23, 2024 |
| BMO Capital | James Thalacker | $125 | $91.74 | -22.6% | Sep 19, 2024 |
| Jefferies | Julien Dumoulin-Smith | $99 | $80.47 | -38.7% | Sep 12, 2024 |
| BMO Capital | James Thalacker | $120 | $79.08 | -25.7% | Aug 9, 2024 |
| Seaport Global | Angie Storozynski | $116 | $88.4 | -28.2% | Jun 13, 2024 |
| BMO Capital | James Thalacker | $121 | $93.46 | -25.1% | Jun 3, 2024 |
| Morgan Stanley | David Arcaro | $110 | $105.92 | -31.9% | May 28, 2024 |
| BMO Capital | James Thalacker | $109 | $95.24 | -32.5% | May 10, 2024 |
| RBC Capital | Shelby Tucker | $95 | $83.24 | -41.2% | May 7, 2024 |
| Morgan Stanley | Analyst unavailable | $31 | $24.09 | -80.8% | Nov 11, 2022 |
| RBC Capital | Shelby Tucker | $28 | $24.3 | -82.7% | May 9, 2022 |
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Start freeCompany context
Snapshot as of publicationVistra Corp., along with its various holdings, functions as a unified entity primarily engaged in retail electricity supply and power generation. The company organizes its operations across six distinct segments: Retail, Texas, East, West, Sunset, and Asset Closure. It directly provides electricity and natural gas to residential, commercial, and industrial clients throughout 20 U.S. states and the District of Columbia.…
Historical context
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-04-23T00:02:08.365952+00:00
- Polygon adjusted daily market bars · 2026-10-10T11:10:40.915429+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-10T11:10:40.912617+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-10. For educational purposes only; not investment advice.