Bank of America Securities analyst Ross Fowler has maintained their bullish stance on VST stock, giving a Buy rating on November 7.
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Ross Fowler has given his Buy rating due to a combination of factors that highlight Vistra Energy’s strong growth potential. The company has maintained a conservative yet compelling narrative, emphasizing significant upside driven by robust demand growth and tightening power markets. Vistra is experiencing unprecedented demand for datacenters, with interest in both its nuclear and gas assets, and although it remains largely hedged, it retains some exposure to benefit from rising power prices. This strategic positioning suggests a promising outlook for future growth.
Additionally, Vistra Energy expects healthy cash flows to support shareholder returns while exploring strategic growth opportunities. While immediate datacenter contracts are not anticipated, the underlying fundamentals, paired with Vistra’s disciplined approach, present a compelling investment case. The company also has the potential to increase the utilization of its gas fleet and expand nuclear capacity, which, along with accelerating power prices, positions Vistra to capture significant value. These factors collectively underpin Ross Fowler’s Buy rating for Vistra Energy.
In another report released on November 7, Evercore ISI also maintained a Buy rating on the stock with a $243.00 price target.