With a market cap of $56.6 billion, Vistra Corp. (VST) is a leading integrated retail electricity and power generation company based in Irving, Texas. Serving approximately 5 million customers across the United States and the District of Columbia, the company operates through five segments: Retail, Texas, East, West, and Asset Closure. 

Companies worth more than $10 billion are generally labeled as “large-cap” stocks and Vistra fits this criterion perfectly. With a generation capacity of around 41,000 megawatts, Vistra's diverse energy portfolio includes natural gas, nuclear, coal, solar, and battery storage. 

Despite this, shares of the Irving, Texas-based company have declined 16.5% from its 52-week high of $199.84. VST stock has increased 45.9% over the past three months, outperforming the Nasdaq Composite’s ($NASX) 12.5% rise over the same time frame. 

In the longer term, VST stock is up nearly 21% on a YTD basis, exceeding NASX’s 1.6% gain. Moreover, shares of the utility company have surged 82.8% over the past 52 weeks, compared to NASX’s 13.1% return over the same time frame.

The stock has been trading above its 50-day and 200-day moving averages since late April. 

Vistra stock dropped 3.7% on May 7, despite a 30% revenue increase, as investors focused on the company’s $268 million net loss and negative free cash flow of $169 million for Q1 2025, driven by $768 million in capital expenditures. Although cash from operations rose 92% year-over-year to $599 million, high spending, particularly on nuclear fuel, raised concerns. Despite reaffirming full-year guidance for $3 billion - $3.6 billion in adjusted FCF before growth investments, the market reacted to the disappointing bottom-line results.

Vistra stock has underperformed its rival NRG Energy, Inc. (NRG). NRG stock has soared 83.9% over the past 52 weeks and 65.2% on a YTD basis.

Due to the stock’s strong performance relative to the Nasdaq Composite, analysts remain bullish on Vistra. The stock has a consensus rating of “Strong Buy” from 14 analysts in coverage, and as of writing, VST is trading below the mean price target of $177.78.