Vistra Corp. (VST) Stock Rated Buy on 41 GW Power Capacity

Vistra Corp. (NYSE:VST) ranks among the best performing utilities stocks to buy now. On August 20, Melius Research assumed coverage of Vistra Corp. (NYSE:VST) with a Buy rating and a $194 price target. The firm recognized Vistra as a significant player in the power markets, given its 41 GW of generating capacity from nuclear, natural gas, coal, and solar sources in addition to its battery storage capabilities.

Vistra Corp. (VST) Stock Rated Buy on 41 GW Power Capacity

Melius emphasized that Vistra Corp. (NYSE:VST) is the owner of one of the largest battery storage systems in the world, the Moss Landing energy storage complex in California. The firm also mentioned Vistra’s most recent deal, which saw the company announce that it had purchased seven natural gas plants from Lotus Infrastructure Partners.

Vistra Corp. (NYSE:VST) is a vertically integrated energy corporation with a wide range of businesses, including fuel manufacturing, wholesale energy sales, logistics, and power generating. The company supplies natural gas and electricity to its commercial, industrial, and residential clients.

While we acknowledge the potential of VST to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VST and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.