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Vistra Stock Pops as the 2024's Best-Performing S&P 500 Company Tops Expectations

Power inverters, cabling and a substation outside the battery building at the Vistra Corp. Moss Landing Energy Storage Facility in Moss Landing, California

David Paul Morris / Bloomberg / Getty Images

Key Takeaways

  • Vistra shares are higher after the its third-quarter results comfortably topped expectations.
  • The electricity provider has been the best-performing stock in the S&P 500 this year.
  • Vistra has seen enthusiasm about using nuclear capacity to power energy-intensive AI processes.

Vistra Corp (VST) shares climbed after the company posted third-quarter earnings that smashed expec🌳tations after the market closed Wednesday. 

The Texas-based electricity provider reported revenue of $6.29 billion, up 54% year-over-year and compared to the analyst consensus of $4.53 billion. Net income was $1.84 billio🅠n, blo♎wing past expectations of $504.63 million.

Vistra also raised its full-year adjusted earnings before interest, ta🧸xes, depreciation, and amortization (EBITDA) forecast to between $5 billion and $5.2 billion from $4.55 billion to $5.05 billion.

Shares of Vistra rose more than 9% intraday Thursday and have more than tripled in value in 2024, making it the 澳洲幸运5官方开奖结果体彩网:best-performing stock on the 澳洲幸运5官方开奖结果体彩网:S&P 500 index this year. The company has seen a 澳洲幸运5官方开奖结果体彩网:wave of enthusiasm about using nuclear capacity to power energy-intensive 澳洲幸运5官方开奖结果体彩网:artificial intelligence processes.

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