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Jim Cramer on Vistra: “I Know It’s Utility, Doesn’t Matter, It’s a Steal”

Vistra Corp. (NYSE:VST) was among the stocks Jim Cramer discussed on Mad Money as he addressed investors’ recent overblown worries and growth stocks stuck in bear-market territory. Cramer highlighted the company’s impressive stock price rise over the years, as he said:

Next up, there’s Vistra, one of America’s largest independent power producers with a stock that’s down 25% from its all-time high in late September. Vistra’s earnings per share are on track to more than double this year, yet the stock sells for less than 19 times this year’s numbers. Now, there was a time when the stock was unstoppable because Vistra got a huge nuclear power business. Over the past five years, it’s up well over 800% thanks to surging electricity demand from, yes, of course, the data centers. But like most things connected to the data center, Vistra shares got ahead of themselves last fall. It felt like there was no price too high for investors who wanted exposure to power generation, especially with the nuclear kicker. It just kept being bought and bought and bought and bought. So I was actually happy to see these companies cool off a bit over the past few months. At these levels, I think this was a buy again. Like I said to a caller who asked about this name last night, you’re getting some of the best growth in the S&P 500 for under 19 times earnings. I know it’s utility, doesn’t matter, it’s a steal.

Stock market data. Photo by Photo by Alesia Kozik

Vistra Corp. (NYSE:VST) is an integrated energy provider that produces electricity and sells power and natural gas to millions of homes and businesses. The company manages a portfolio of nuclear, solar, and natural gas facilities and oversees fuel logistics and the decommissioning of old plants.

While we acknowledge the risk and 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 more promising than VST and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

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