Vistra Corp. (NYSE:VST) was among the stocks on Jim Cramer’s radar on Mad Money, as he advised investors to care about where a stock is going, not where it has been. When a caller expressed uncertainty about sticking with the stock, Cramer remarked:
Yeah, I would, I mean, look, I don’t know, look, it overshot, it went too high. It’s come back down, and I’m going to get, I’m going to bless it. I’m going to bless it… You know, it is a falling knife, I know. I would only put on like 25% of my position, but it’s too low. It’s just fallen enough.
Stock market data. Photo by Jakub Zerdzicki on Pexels
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. Cramer called the stock a “steal” during the April 14 episode. The Mad Money host stated:
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.
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