Vistra Corp (VST) Impressive EBITDA and Growing Portfolio Attracts Bullish Ratings

Vistra Corp. (NYSE:VST) is one of the green energy stocks with long-term upside potential. The stock has rallied by more than 26% year to date, outperforming the overall market, attributed to a robust and diverse power generation portfolio.

Additionally, the company has delivered solid earnings, characterized by an EBITDA of $1.35 billion in the second quarter, which exceeded consensus estimates by 13%. Additionally, it has reiterated full-year EBITDA guidance of between $5.5 billion and $6.1 billion. Consequently, on August 12, an analyst at BMO Capital raised the stock’s price target to $229, impressed by the strong EBITDA.

On the other hand, analysts at Melius Research initiated coverage of the stock on August 20, with a ‘Buy’ rating and a $194 price target. Melius remains optimistic about Vistra Corp due to its generation capacity, which stands at 41 GW, spanning nuclear, natural gas, and solar sources. The company owns the Moss Landing energy storage facility, which is the world’s largest battery storage system for clean energy.

The research firm has echoed the company’s investments in solar and battery storage, complemented by an aggressive acquisition business strategy. For starters, Vistra has already confirmed the acquisition of several natural gas plants, further strengthening its energy generation capacity.

Vistra Corp. (NYSE:VST) generates and sells electricity and power to customers, businesses, and communities across the U.S., operating a diverse portfolio of generation facilities that include natural gas, nuclear, coal, solar, and battery energy storage systems.

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