Is Vistra Corp. (VST) the Best High Growth Utility Stock to Buy Now?

Vistra Corp. (NYSE:VST) is one of the best high-growth utility stocks to buy. On October 22, the company announced that it has concluded the purchase of seven advanced natural gas generation plants from Lotus Infrastructure Partners. This increases the power generation capacity at Vistra by roughly 2,600 megawatts.

This acquisition deal got all the necessary government authorizations, and it bolsters the company’s presence across major competitive end-markets such as PJM, New England, New York, and California, thus widening Vistra’s strategic presence and enhancing its customer service.

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Vistra’s president and chief executive officer, Jim Burke, commented:

“This acquisition reflects Vistra’s disciplined, opportunistic approach to growth. We start with the needs of our customers — building on our operational capabilities — and then pursue acquisitions that are the right fit for Vistra, with a sharp focus on returns as well as scale.”

This growth plan seems to be working, with revenue skyrocketing by 31.6% in the last year. Moreover, Vistra mentioned that this acquisition would enhance its capacity to offer safe, affordable power to customers while contributing to a sustainable energy future.

Vistra Corp. (NYSE:VST) is a Texas-based integrated energy company engaged in the sale of electricity and natural gas supply, in addition to large-scale power generation in the United States.

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Disclosure. None.