10 AI Stocks Gaining Attention on Wall Street

4. Vistra Corp. (NYSE:VST)

Number of Hedge Fund Holders: 112

Vistra Corp. (NYSE:VST) is one of the 10 AI Stocks Gaining Attention on Wall Street. On January 6, KeyBanc analyst Sophie Karp reiterated an Overweight rating on the stock with a $217.00 price target.

The rating affirmation follows Vistra’s recent announcement that it will buy Cogentrix Energy from Quantum Capital Group in a deal valued at estimated $4 billion.

The company has entered a definitive agreement to acquire Cogentrix’s portfolio of 10 natural gas plants totaling 5,496 MW across PJM, ISO-New England, and ERCOT markets. The deal values the portfolio at an estimated $730/kW and about 7.25x 2027E adjusted EBITDA.

Keybanc describes this as attractive compared to Vistra’s pre-deal generation portfolio valued at an estimated $1,700/kW. As per the firm’s report, Vistra forecasts the deal to deliver mid-single-digit accretion in 2027 and high-single-digit accretion on average over 2027-2029.