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.
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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.
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Image created using artificial intelligence via Midjourney.
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