Overview
- Morgan Stanley lifted its price target to $228 on December 16 as analyst David Arcaro said data centers will drive the next phase of growth with added momentum expected in 2026.
- S&P Global Ratings raised Vistra to investment grade on December 3 and noted roughly 96% of expected 2026 generation is hedged.
- About 35% of Vistra’s generation sits in the PJM grid, which S&P highlighted as benefiting from accelerating data‑center demand.
- Vistra’s latest quarter missed expectations, yet adjusted EBITDA rose 9.9% year over year and net income reached $652 million.
- The stock remains up year to date but trades below $170 with a premium price‑to‑earnings ratio near 58 after pulling back from a $219 high, as investors weigh valuation against nuclear and clean‑energy growth plans, including Vistra Zero.