Vistra Monthly Analysis (March 2026)

Vistra

NYSE:VST

$ 155,48

+ $3,18 (2,09%)

155,48 $

+$3,18 (2,09%)

End-of-day quote: 03/27/2026

Vistra Stock Value

Analysts currently see Vistra at the level of Buy.

Buy

Vistra Company Info

EPS Growth 5Y

31,27%

Market Cap

$52,64 B

Long-Term Debt

$15,43 B

Short Interest

1,84%

Quarterly earnings

05/07/2026 (E)

Dividend

$0,93

Dividend Yield

0,60%

Founded

1882

Industry

Utilities

Country

United States

ISIN Number

US92840M1027

Website

http://www.vistracorp.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$234,00

50.5%

Last Update: 03/29/2026

Analysts: 19

Highest Price Target $318,00

Average Price Target $234,00

Lowest Price Target $97,00

In the last five quarters, Vistra’s Price Target has risen from $52,71 to $105,63 - a 100,40% increase. Six analysts predict that Vistra’s share price will increase in the coming year, reaching $234,00. This would represent an increase of 50,50%.

Top growth stocks in the utilities sector (5Y.)

What does Vistra do?

Vistra Corp. (Vistra) is an integrated retail electricity and power generation company. The company combines a customer-centric approach to retail sales with safe, reliable, diverse, and efficient power generation. The company’s integrated power generation and wholesale operation allows the company to efficiently obtain the electricity needed to serve its customers at the lowest cost. The integrated model enables the company to structure products and contracts in a way that offers significant v...

Vistra Corp. (Vistra) is an integrated retail electricity and power generation company.

The company combines a customer-centric approach to retail sales with safe, reliable, diverse, and efficient power generation. The company’s integrated power generation and wholesale operation allows the company to efficiently obtain the electricity needed to serve its customers at the lowest cost. The integrated model enables the company to structure products and contracts in a way that offers significant value compared to stand-alone retail electric providers.

The company brings its products and services to market in 18 states and the District of Columbia, including all major competitive wholesale power markets in the U.S. The company serves approximately 5 million residential, commercial, and industrial retail customers with electricity and natural gas. The company’s generation fleet totals approximately 41,000 megawatts of generation capacity powered by a diverse portfolio, including natural gas, nuclear, coal, solar, and battery energy storage facilities.

Markets

The operations of Vistra, as an integrated retail electricity and power generation company, are further aligned into five reportable business segments: (i) Retail, (ii) Texas, (iii) East, (iv) West, and (v) Asset Closure. The company’s Texas, East, and West segments include its electricity generation operations. The company’s Asset Closure segment is engaged in the decommissioning and reclamation of retired plants and mines.

Retail Operations

Vistra is one of the largest competitive residential retail electricity providers in the U.S. The company’s retail operations are engaged in retail sales of electricity, natural gas, and related services to approximately 5 million customers. Substantially all of the company’s retail activities are conducted by TXU Energy, Ambit Energy, Dynegy Energy Services, Homefield Energy, and U.S. Gas & Electric across 16 U.S. states and the District of Columbia. The largest portion of the company’s retail operations are in Texas, where the company provides retail electricity to approximately 2.6 million customers.

The company’s TXU Energy brand, which has been used to sell electricity to customers in the competitive retail electricity market in Texas for over 20 years, is registered and protected by trademark law. The company also own the trade names for Ambit Energy, Dynegy Energy Services, Homefield Energy, TriEagle Energy, Public Power, and U.S. Gas & Electric.

The company has differentiated itself by providing a distinctive customer experience predicated on delivering reliable and innovative power products and solutions to the company’s customers, including 100% wind and solar options, as well as thermostats, dashboards, and other programs designed to encourage reduced electricity consumption and increased energy efficiency. The company’s distinctive power products give its customers choice, convenience, and control over how and when they use electricity and related services.

Electricity Generation Operations

Vistra is the largest competitive power generator in the U.S. as measured by MWh of generation capacity.

The company’s natural gas-fueled generation fleet is consisted of 23 CCGT generation facilities totaling 19,742 MW and 10 peaking generation facilities totaling 4,378 MW. The company satisfies its fuel requirements at these facilities through a combination of spot market and near-term purchase contracts. Additionally, the company has near-term natural gas transportation agreements and natural gas storage agreements in place to ensure fleet reliability.

The company’s coal/lignite-fueled generation fleet is consisted of seven generation facilities totaling 8,428 MW of generation capacity. The company meet its fuel requirements at its coal-fueled generation facilities in PJM and MISO with coal purchased from multiple suppliers under contracts of various lengths and transported to the facilities by either railcar or barges. The company meet its fuel requirements in ERCOT using lignite that the company mines at its generation facilities and coal purchased and transported by railcar.

Nuclear units are generally operated at full capacity. Refueling (nuclear fuel assembly replacement) outages for each unit are scheduled to occur during the spring or fall off-peak demand periods. While one unit is undergoing a refueling outage at dual-unit facilities, the remaining unit is intended to operate at full capacity. During a refueling outage, other maintenance, modification, and testing activities are completed that cannot be accomplished when the unit is in operation.

The company has contracts in place for all of its nuclear fuel requirements through 2029. The company continues to monitor developments regarding the availability of nuclear fuel that may arise out of the Russia and Ukraine conflict.

Independent System Operators (ISOs) and Regional Transmission Organizations (RTOs) — ISOs and RTOs manage the transmission infrastructure and markets across regions, separate from the company’s operations. They dispatch generation facilities, ensuring efficient and reliable transmission system operation. ISOs/RTOs administer short-term energy and ancillary service markets, typically day-ahead and real-time, and some also manage long-term planning reserves through various capacity markets. NERC regions and ISOs/RTOs often have different geographic footprints, and while there may be geographic overlap between NERC regions and ISOs/RTOs, their respective roles and responsibilities do not generally overlap.

ERCOT — ERCOT is an ISO that manages the flow of electricity from approximately 103,600 MW of expected Summer 2024 peak generation capacity to approximately 27 million Texas customers, representing approximately 90% of the state's electric load.

In addition, ERCOT uses ancillary services to maintain system reliability, including regulation service, responsive reserve service, and non-spinning reserve service. Ancillary services are provided by generators and qualified loads to help maintain the stable voltage and frequency requirements of the transmission system. ERCOT procures ancillary services in the day-ahead market, but plans to implement co-optimization of energy and ancillary services in the real-time market by the end of 2025. Because ERCOT has one of the highest concentrations of wind and solar capacity generation among U.S. markets, the ERCOT market is more susceptible to fluctuations in wholesale electricity supply due to intermittent wind and solar production, making ERCOT more vulnerable to periods of generation scarcity. ERCOT implemented the ERCOT Contingency Reserve Service (ECRS) in June 2023 to further address the need for operating reserves to manage load and intermittent resource output uncertainty.

PJM — PJM is an RTO that manages the flow of electricity from approximately 183,000 MW of generation capacity to approximately 65 million customers in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and the District of Columbia.

The company has participated in RPM auctions for years up to and including PJM's planning year 2025-2026, which ends May 31, 2026. PJM's RPM auction for planning year 2026-2027 was delayed and is expected to be run in July 2025. The company also enters into bilateral capacity transactions.

ISO-NE — ISO-NE is an ISO that manages the flow of electricity from approximately 30,600 MW of winter generation capacity to approximately 15 million customers in the states of Vermont, New Hampshire, Massachusetts, Connecticut, Rhode Island, and Maine.

ISO-NE dispatches power plants to meet system energy and reliability needs and settles physical power deliveries at LMPs. Its energy markets allow market participants to buy and sell energy and ancillary services at prices established through real-time and day-ahead auctions. Energy prices vary among the locations in ISO-NE and are largely influenced by transmission constraints and fuel supply. ISO-NE offers the Forward Capacity Market where capacity prices are determined through auctions run three years prior to the capacity delivery year. ISO-NE is working with stakeholders to transition to a prompt capacity market for the delivery year starting in June 2028. Performance incentive rules have the potential to increase capacity payments for those resources that are providing excess energy or reserves during a shortage event, while penalizing those that produce less than the required level.

NYISO — NYISO is an ISO that manages the flow of electricity from approximately 37,100 MW of installed summer generation capacity to approximately 20 million New York customers.

NYISO dispatches power plants to meet system energy and reliability needs and settles physical power deliveries at LMPs. Its energy markets allow market participants to buy and sell energy and ancillary services at prices established through real-time and day-ahead auctions. Energy prices vary among the regional zones and locations in the NYISO and are largely influenced by transmission constraints and fuel supply. NYISO offers the Installed Capacity Market, a forward capacity market where capacity prices are determined through auctions. Strip auctions occur one to two months prior to the commencement of a six-month seasonal planning period. Subsequent auctions provide an opportunity to sell excess capacity for the balance of the seasonal planning period or the upcoming month. Due to the short-term nature of the NYISO-operated capacity auctions and a relatively liquid bilateral market for NYISO capacity products, the company’s Independence facility sells a significant portion of its capacity through bilateral transactions. The balance is cleared through the seasonal and monthly capacity auctions.

MISO — MISO is an RTO that manages the flow of electricity from approximately 202,000 MW of installed generation capacity to approximately 45 million customers in all or parts of Iowa, Minnesota, North Dakota, Wisconsin, Michigan, Kentucky, Indiana, Illinois, Missouri, Arkansas, Mississippi, Texas, Louisiana, Montana, South Dakota, and Manitoba, Canada.

MISO dispatches power plants to meet system energy and reliability needs and settles physical power deliveries at LMPs. Its energy markets allow market participants to buy and sell energy and ancillary services at prices established through real-time and day-ahead auctions. Energy prices vary among the regional zones and locations in MISO and are largely influenced by transmission constraints and fuel supply. An independent market monitor is responsible for evaluating the performance of the markets and identifying conduct by market participants or MISO that may compromise the efficiency or distort the outcome of the markets.

MISO administers a one-year Planning Resource Auction (PRA) for the next planning year from June 1st of the current year to May 31st of the following year. MISO's PRA uses a vertical demand curve that can result in more volatile capacity prices. In 2022, FERC approved MISO's proposal to change the annual Planning Resource Auction into a seasonal auction, effective for the 2023-2024 planning year. Starting with the PRA for the 2025-2026 planning year, MISO will begin using a sloped demand curve. The company participates in these auctions with open capacity that has not been committed through bilateral or retail transactions. The company also participates in the MISO annual and monthly financial transmission rights auctions to manage the cost of the company’s transmission congestion, as measured by the congestion component of the LMP price differential between two points on the transmission grid across the market area.

CAISO — CAISO is an ISO that manages the flow of electricity to approximately 32 million customers primarily in California, representing approximately 80% percent of the state's electric load.

Wholesale Operations — The company’s wholesale commodity risk management group is responsible for dispatching its generation fleet in response to market needs after implementing portfolio optimization strategies, thus linking and integrating the generation fleet production with the company’s retail customer and wholesale sales opportunities. Market demand, also known as load, faced by electric power systems, such as those the company operates in, varies from moment to moment as a result of changes in business and residential demand, which is often driven by weather. Unlike most other commodities, the production and consumption of electricity must remain balanced on an instantaneous basis.

Seasonality

The demand for and market prices of electricity and natural gas are affected by weather. As a result, the company’s operating results are impacted by extreme or sustained weather conditions. Typically, demand for and the price of electricity is higher in the summer and winter seasons, when the temperatures are more extreme, and the demand for and price of natural gas is also generally higher in the winter. More severe weather conditions such as heat waves or extreme winter weather have made such fluctuations more pronounced.

Business Strategy

Vistra is the largest producer of power in deregulated markets in the U.S. with annual expected generation of over 200 TWh as of December 31, 2024.

The company’s integrated business model distinguishes it from its electricity competitors as it combines its reliable and efficient diversified generation fleet totaling approximately 41,000 MW of capacity, with the company’s commercial operations, including commodity risk management capabilities, and its retail energy platform.

As one of the largest electricity generators in the U.S., Vistra has led the way in decarbonization efforts and is committed to sustainability, setting aggressive targets, and transitioning the company’s fleet to low-to-no carbon resources, all while balancing the company’s obligations to its stakeholders.

Environmental Regulations and Related Considerations

The company is subject to extensive environmental regulation by governmental authorities, including the U.S. Environmental Protection Agency and the environmental regulatory bodies of states in which the company operates.

In order to ensure continued compliance with the Clean Air Act (CAA) and related rules and regulations, the company utilizes various emission reduction technologies. These technologies include flue gas desulfurization (FGD) systems, dry sorbent injection (DSI), baghouses and activated carbon injection or mercury oxidation systems on select units and electrostatic precipitators, selective catalytic reduction (SCR) systems, low-NOX burners and/or overfire air systems on all units.

History

The company was founded in 1882. It was incorporated in 2016. The company was formerly known as Vistra Energy Corp. and changed its name to Vistra Corp. in 2020.

Vistra Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Power generation:** 60% **Retail energy sales:** 30% **Renewable energies:** 10% **TOP 3 markets:** **Texas:** 50% **California:** 20% **Illinois:** 15% Vistra Corp. generates the majority of its revenue from power generation, with retail energy sales and renewable energies also ma...

At which locations are the company’s products manufactured?

**Production sites:** Several locations in the USA Vistra Corp. is a leading integrated energy company in the United States. The company operates a variety of power plants spanning multiple states. The main production sites include locations in Texas, Illinois, and California. Vistra Corp. mainly...

What strategy does Vistra pursue for future growth?

**Renewable Energy Investments:** $3 billion by 2025 **Planned Capacity Expansion:** 7 GW of renewable energy by 2025 Vistra Corp. is pursuing a strategy that focuses heavily on expanding renewable energies. The company plans to invest approximately $3 billion in renewable energy projects by 2025...

Which raw materials are imported and from which countries?

**Main raw materials:** Natural gas, coal, uranium Vistra Corp. mainly imports raw materials such as natural gas, coal, and uranium, which are needed for the operation of its power plants. **Natural gas** is often imported from Canada and various countries in Europe to ensure security of supply....

How strong is the company’s competitive advantage?

**Market share:** 10% in the US energy market (2024, estimate) **EBITDA margin:** 22% (2024) **Customer satisfaction:** 85% (2024, industry comparison) Vistra Corp. has a significant competitive advantage in the US energy market, supported by its strong market position and the diversification o...

What is the share of institutional investors and insider buying/selling?

**Institutional investor share:** approx. 95% (2025, estimated based on historical data) **Insider purchases/sales:** No significant transactions in the last year (2025, estimated) Vistra Corp. has traditionally had a high institutional investor share, indicating the confidence of large investment...

What percentage market share does Vistra have?

**Market share of Vistra Corp.:** Estimated 8% (2025) **Main competitors and their market shares:** 1. **NextEra Energy (NYSE:NEE):** 12% 2. **Duke Energy (NYSE:DUK):** 10% 3. **Southern Company (NYSE:SO):** 9% 4. **Exelon Corporation (NASDAQ:EXC):** 8% 5. **Vistra Corp. (NYSE:VST):** 8% 6. **Domin...

Is Vistra stock currently a good investment?

**Revenue growth:** 4.8% (2024) **EBITDA growth:** 5.2% (2024) **Net debt:** 9.5 billion USD (2024) Vistra Corp. recorded a revenue growth of 4.8% in 2024, attributed to stable demand in the energy sector and successful operational strategies. The 5.2% EBITDA growth indicates that the company was a...

Does Vistra pay a dividend – and how reliable is the payout?

**Dividend yield:** 3.8% (estimated for 2025) **Dividend history:** Continuous payout for several years Vistra Corp. has been paying dividends in recent years and is expected to continue to do so in 2025. The estimated dividend yield for 2025 is around 3.8%. The company has a solid dividend histo...

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Vistra Stock Value

Vistra Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the utilities sector (5Y.)

What does Vistra do?

Vistra Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Vistra Stock Value

Vistra Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the utilities sector (5Y.)

What does Vistra do?

Vistra Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.