Why Vistra Corp. (VST) Soared on Wednesday

Insider Monkey
02-27

We recently compiled a list of the 10 Stocks Outperform Wall Street Indices on Wednesday. In this article, we are going to take a look at where Vistra Corp. (NYSE:VST) stands against the other stocks.

The stock market ended on a mixed note on Wednesday, with the Dow Jones the sole loser during the session, as investor caution persisted amid confusing tariff policies from President Donald Trump.

The Dow Jones dropped by 0.43 percent, while in contrast, the S&P and Nasdaq finished in the green territory, albeit the S&P inched up by only 0.01 percent, and the Nasdaq ended higher by 0.26 percent.

On Wednesday, Trump raised hopes for another month of delay for the imposition of tariffs on goods from Mexico and Canada, while signaling a 25-percent reciprocal tariff on European cars and goods.

Meanwhile, ten companies defied the broader market pessimism, posting modest to strong gains during the day.

To come up with Wednesday's top gainers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

Solar panel workers installing a new farm for clean energy generation.

Vistra Corp. (NYSE:VST)

Retail electricity services provider Vistra Corp. (NYSE:VST) grew its share prices by 7.52 percent to finish at $148.29 apiece as bullish analyst estimates sparked buying appetite ahead of its earnings release on Thursday, February 27.

According to Zacks Research, Vistra Corp. (NYSE:VST) revenues are expected to settle at $4.38 billion in the fourth quarter of the year, or an increase of 42.34 percent from the revenue reported in the same period a year earlier.

Meanwhile, it expects the company to post $1.59 earnings per share, which would represent a 431.25-percent increase from the same comparable period.

Vistra Corp. (NYSE:VST) is a Texas-based retail electricity and power generation company whose services span across California to Maine. The company also operates a power generation fleet of natural gas, nuclear, coal, solar, and battery energy storage facilities while taking an innovative, customer-centric approach to its retail business.

Overall VST ranks 8th on our list of Wednesday's top gainers. While we acknowledge the potential of VST as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as VST but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock

 

Disclosure: None. This article is originally published at Insider Monkey.

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