12 Most Promising Clean Energy Stocks According to Wall Street Analysts

3. Vistra Corp. (NYSE:VST)

Number of Hedge Fund Holders: 111  

Street-High Upside Potential: 63%

Vistra Corp. (NYSE:VST) has emerged as a promising investment in the clean energy space due to increasing electricity demand. This demand is driven by AI data centers, the continued adoption of electric vehicles (EVs), and grid modernization in the US. The utility firm looks well-positioned to capitalize on these trends with an expanding portfolio of nuclear power and other zero-carbon energy sources. Earlier this year, the firm reaffirmed guidance for 2025 adjusted EBITDA of $5.5 billion to $6.1 billion and adjusted free cash flow before growth of $3 billion to $3.6 billion. Management also increased the expected floor of the 2026 adjusted EBITDA midpoint opportunity to $6.8 billion, citing current hedge positions and recent PJM capacity auction results.

On October 3, BMO Capital analyst James Thalacker raised the price target on Vistra Corp. (NYSE:VST) to $236 from $229 and kept an Outperform rating on the shares. Thalacker underlined that a recent meeting with the company management team underscored the relative strengths of transactions and affirmed the positive outlook on the ongoing value creation strategy. The analyst further forecast a substantial free cash flow generation at Vistra’s generation and retail operations this year and a growing EBITDA contribution from its self-financing Vistra Zero carbon-free subsidiary.