Vistra Stock Charts Show Strong Momentum As AI Demand Powers Q3 Optimism

Zinger Key Points
  • Vistra reports its Q3 earnings Thursday, with Wall Street expecting $1.20 EPS and $5 billion in revenue.
  • Powered by demand from AI data centers, Vistra’s stock is up 250% over the past year as the company strengthens its nuclear portfolio.

Vistra Corp VST will be reporting its third-quarter earnings on Thursday. Wall Street expects $1.20 in EPS and $5 billion in revenues as the company reports before market hours.

The stock is up 252% over the past year, 226% YTD.

AI-Driven Clean Energy Demand Powers Vistra's Stock Surge

The strong performance of Vistra’s stock has been driven by its strategic positioning in the growing demand for clean energy, particularly from AI data centers.

As tech companies increasingly turn to nuclear power to meet the high energy demands of AI applications, Vistra, with its expanded nuclear portfolio following the acquisition of Energy Harbor, is well-positioned to capitalize on this trend.

The company's investments in energy efficiency, including the implementation of AI-driven technologies like the Heat Rate Optimizer (HRO), have boosted operational efficiency and reduced carbon emissions, further enhancing its appeal to investors.

Let’s examine the charts for Vistra stock and how it currently compares to Wall Street estimates.

Read Also: Marriott, Vistra, Taiwan Semiconductor And More On CNBC’s ‘Final Trades’

Vistra Stock Chart Signals Bullish Momentum Ahead Of Q3 Earnings

Vistra stock is experiencing buying pressure, signaling potential bullish momentum ahead, although its price trend remains relatively stagnant.

Chart created using Benzinga Pro

Trading at $123.73, Vistra stock is below its 20-day simple moving average (SMA) of $125.98, indicating short-term bearish pressure. It is also trading right next to its eight-day SMA of $123.05.

However, longer-term indicators are more optimistic, with Vistra’s price above the 50-day SMA of $110.78 and the 200-day SMA of $82.78, both of which suggest a bullish outlook.

The Moving Average Convergence Divergence (MACD) reading of 1.87 supports a bullish signal, while the Relative Strength Index (RSI) at 52.81 remains in neutral territory, indicating neither overbought nor oversold conditions.

Overall, while there are some short-term challenges, Vistra’s technicals suggest a positive medium-to-long-term trajectory.

Vistra Analysts See 28% Upside

Vistra Ratings & Consensus Estimates: The consensus analyst rating on Vistra stock stands at a Buy with a price target of $126. The latest analyst ratings from BMO Capital, UBS and JP Morgan set an average price target of $158.33 for Vistra stock, implying a 28.22% upside.

VST Price Action: Vistra stock is up 2.1% at $124.48 at the time of publication Wednesday.

Read Next:

Image created using artificial intelligence via Midjourney.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!