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VST

Vistra Corp.

NYSEUtilitiesUtilities - Independent Power ProducersSnapshot 2026-05-08

$147.72-4.05%
Close 2026-05-08 · 1-day change
The bottom line

As of May 8, 2026, VST has a composite score of -5.9, indicating a mixed signal. The score is influenced by various factors, including an unfavorable outlook if next-quarter guidance is cut and if the utilities sector trend weakens. Favorable scenarios include potential improvements in sector trends and guidance raises. This analysis is provisional.

Composite -5.9as of 2026-05-08

Price

Daily closes from AlphaVantage. Earnings/event dots are placed inline.

Close 2026-05-08
Daily closes. Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event

Factor signals

Read top-to-bottom: thesis (is this a strong company over a 1–3 year hold), watch flags (has something changed worth re-reading), and position context (how violent might the path be). Each pill is a parallel diagnostic — never aggregated into a single score.

L1

Thesis

is this a strong company over a 1–3 year hold?
F1 · Recent financial performance
strong
Top 10% of utilities cohort
Why this rank
  • Direction share
    1.00
  • Slope (norm)
    0.74
  • Bonus
    0.00
Operating income, last 4 quarters ($M)
8651510372443
F2 · Value
neutral
Mid-cohort by earnings yield
Why this rank
Price
$147.72
TTM EPS
$7.57
Earnings yield
5.1%
P/E (TTM)
19.5

Trailing four: 2024-Q3, 2025-Q1, 2025-Q2, 2025-Q3

F3 · Earnings quality
fragile
Bottom 30% cash conversion in utilities cohort
Why this rank
TTM NI ($M)
2,659
TTM CFO ($M)
4,563
CFO/NI
1.72
L2

Watch

has something changed worth re-reading?
F4 · Management stability
neutral
Mid-cohort activity· see deep-dive ↓
capital friendlyTop 20% capital-friendly in utilities cohort
Earnings setup · pre-print positioning
forward-looking
neutralEPS revised -5.7% / 30d, n=8for period ending 2026-06-30
Why this setup
Consensus revisions

EPS estimate $2.08 → $1.97 (-5.7% / 30d). 2 raised, 2 cut, 8 covering analysts.

Rating actions

0 upgrades, 0 downgrades / 30d, 2 maintained. 95% of analysts rate Buy.

Price target activity

2 PT revisions / 30d. Avg target 30.1% above current price.

Material events

1 positive, 1 negative / 30d. See F4 management tile for the event list.

F4 · Management deep-dive — recent events, stated priorities, guidance track record
2

Stated priorities

3 priorityies extracted from earnings transcripts (as of 2026-05-08).

  1. 1.Increase Adjusted EBITDA and FCFgrowthmixed45% progress
    2/26: Guidance: '2026 Ongoing Operations Adjusted EBITDA 1 and Ongoing Operations Adjusted FCFbG 1 guidance ranges of $6.8 billion to $7.6 billion.'
    Why this status

    Stated in 2 of last 2 quarters. 2026 guidance for Adjusted EBITDA is $6.8B to $7.6B. Revenue grew from $4.25B in 2025-Q2 to $4.949B in 2025-Q4, indicating progress towards this goal.

  2. 2.Execute share buyback programcapital allocationmixed37% progress
    4/28: Material Event: 'Vistra Operations completed its previously announced private offering of $4.0 billion.'
    Why this status

    Newly stated in 2026-Q1. The company announced a $4.0 billion private offering, which supports the execution of the share buyback program. However, no specific buyback figures are provided, indicating limited progress in actual buybacks.

  3. 3.Achieve accretion from acquisitionscapital allocationmixed37% progressprovisional
    1/5: Guidance: 'Acquisition is expected to deliver mid-single digit Ongoing Operations AFCFbG per share accretion in 2027.'
    Why this status

    Newly stated in 2026-Q1. The company expects mid-single digit accretion from acquisitions by 2027. Current financials do not yet reflect this accretion, indicating that the impact is anticipated but not yet realized.

3

Guidance track record

Insufficient guidance history for this ticker.

L3

Position context

how violent might the path be while I hold it?
Risk profile · realized
backward-looking
elevatedworst 12m loss −35%, typical day ±2.0%
Why this risk level

Recent vol — 30d annualized 41%; 252d 49%.

Drawdown — Max 1y −35%. Bad day move −5%.

Beta to sector ETF (XLU) 0.14 over 1y.

Liquidity — score 100/100.

Sub-scores — vol 19/100, drawdown 31/100, beta 14/100, earnings vol .

Sector regime
headwind-6.6%sector vs S&P 500, 60d

via XLU

Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive — historically, headwind regimes have averaged stronger forward returns than tailwind.

AI cycle regime · market-wide
2-axis classifier
HeatingManiaSquallCrisisEarnings →Mood ↑
HeatingE +0.13 · M +0.71
Single-axisCHASEz +2.97+1.285d

Context label only — describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.

Not investment advice. As of 2026-05-08.

3

What changed

The most important moves since the prior daily snapshot.

  1. No material changes since the prior snapshot.

No material changes since the prior snapshot.

as of 2026-05-08

4

Management scorecard

How management runs the business — capital, margins, balance sheet, and how reliably they guide and deliver.

Composite52.1 / 100
Capital allocation90
Earnings discipline17
Margin discipline14
Balance sheet52
Guidance credibility
Post-call reaction47
as of 2026-05-08
4

What management is focused on

Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.

  • #1

    Increase Adjusted EBITDA and FCF

    GrowthNew since 2026-05-04

    Focus on increasing Adjusted EBITDA and Free Cash Flow before Growth.

    Mixed

    Stated in 2 of last 2 quarters. 2026 guidance for Adjusted EBITDA is $6.8B to $7.6B. Revenue grew from $4.25B in 2025-Q2 to $4.949B in 2025-Q4, indicating progress towards this goal.

    45%
    CEO/CFO:Guidance: '2026 Ongoing Operations Adjusted EBITDA 1 and Ongoing Operations Adjusted FCFbG 1 guidance ranges of $6.8 billion to $7.6 billion.'
    Multiple sourcesSource dated 2026-02-26Stated 2 of last 8 quartersFirst seen 2026-05-04
    Show history (2)
    • 2026-Q1Multiple sources

      Guidance: '2026 Ongoing Operations Adjusted EBITDA 1 and Ongoing Operations Adjusted FCFbG 1 guidance ranges of $6.8 billion to $7.6 billion.'

    • 2025-Q4Multiple sources

      Reaffirmed 2025 Ongoing Operations Adjusted EBITDA 1 and Ongoing Operations Adjusted FCFbG 1 guidance ranges.

  • #2

    Execute share buyback program

    Capital allocationNew since 2026-05-04

    Implement the announced share buyback program to enhance shareholder value.

    Mixed

    Newly stated in 2026-Q1. The company announced a $4.0 billion private offering, which supports the execution of the share buyback program. However, no specific buyback figures are provided, indicating limited progress in actual buybacks.

    37%
    CEO/CFO:Material Event: 'Vistra Operations completed its previously announced private offering of $4.0 billion.'
    Multiple sourcesSource dated 2026-04-28Stated 1 of last 8 quartersFirst seen 2026-05-04
    Show history (1)
    • 2026-Q1Multiple sources

      Material Event: 'Vistra Operations completed its previously announced private offering of $4.0 billion.'

  • #3

    Achieve accretion from acquisitions

    Capital allocationNew since 2026-05-04

    Focus on achieving accretion from recent acquisitions to drive growth.

    Mixed

    Newly stated in 2026-Q1. The company expects mid-single digit accretion from acquisitions by 2027. Current financials do not yet reflect this accretion, indicating that the impact is anticipated but not yet realized.

    37%
    CEO/CFO:Guidance: 'Acquisition is expected to deliver mid-single digit Ongoing Operations AFCFbG per share accretion in 2027.'
    Multiple sourcesSource dated 2026-01-05Stated 1 of last 8 quartersFirst seen 2026-05-04provisional
    Show history (1)
    • 2026-Q1Multiple sources

      Guidance: 'Acquisition is expected to deliver mid-single digit Ongoing Operations AFCFbG per share accretion in 2027.'

as of 2026-05-08
5

How this stock is priced

Two ways to read price: against peers in the same business, and against the company's own history.

Compared to peers
3higher = cheaper

Looks more expensive than peers.

Compared to its own history
3higher = cheaper

Richer than its own typical valuation.

P/E
72.9x
EV/EBITDA
12.1x
FCF yield
1.2%

P/E over the last 5 years

64 monthly points
fullas of 2026-05-08
7

How this compares

A side-by-side read on composite, valuation, and risk versus peers.

StockCompositeValuationRisk
VST
Vistra Corp.
-5.9fullelevated
NEE
NextEra Energy
+19fullmoderate
CEG
Constellation Energy
+16fullelevated
SO
Southern Company
+19fairmoderate
DUK
Duke Energy
+28inexpensivemoderate
8

Risk — how this stock moves

What a normal day looks like, what a bad day looks like, and the worst the last year has thrown at it.

A typical day
How much price usually moves either way.
2.0%
A bad day (95th %ile)
A rough but not unusual down day.
-4.8%
Worst 12-month loss
Deepest peak-to-trough drop in the last year.
-34.5%
Earnings-day move
How much price usually moves on earnings day.
elevatedas of 2026-05-08
9

What could change this view

Conditional scenarios — if X happens, the score would shift by about Y points. These are not predictions.

Upside triggers
  • If utilities sector trend rises from -0.04 into 'improving' (>= +0.20)+5.0 pts
  • If next-quarter guidance is raised (currently NEW as of 2026-02-26)+4.0 pts
Downside triggers
  • If next-quarter guidance is cut (currently NEW as of 2026-02-26)-8.0 pts
  • If rates state reverses from -0.37 (negative) to +0.37 (positive)-7.3 pts
  • If utilities sector trend falls from -0.04 into 'weakening' (<= -0.20)-5.0 pts
10

Material updates

Recent SEC 8-K filings ranked by likely impact, confidence, and recency.

  1. 2026-05-072d agoItem 2.02

    Results of Operations and Financial Condition. On May 7, 2026, Vistra Corp. (the “Company”) issued a news release announcing, among other matters, its financial results for the quarter ended March 31, 2026. A copy of such news release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K. In accordance with General Instruction B.2 of Form 8-K, the information set forth in this

    earnings preannouncementscore 63
  2. 2026-04-2811d agoItem 1.01

    Entry into a Material Definitive Agreement. On April 22, 2026, Vistra Operations Company LLC (“Vistra Operations” or the “Issuer”), an indirect, wholly owned subsidiary of Vistra Corp., a Delaware corporation (the “Company” or “Vistra”), completed its previously announced private offering (the “Offering”) of $4.0 billion aggregate principal amount of the Issuer’s senior notes, consisting of $500.0 million aggregate principal amount of the Issuer’s 4.550% senior notes due 2028 (the “2028 Notes…

    capital allocationpositivescore 51
  3. 2026-04-2811d agoItem 2.03

    Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information contained in

    capital allocationnegativescore 40
11

Score history

The composite score, snapshot by snapshot. The dotted line at zero separates leaning-positive from leaning-negative.

60 snapshots
Data freshness · As of 2026-05-08 · Macro 2026-05-08 · Sector 2026-05-07 · Fundamentals 2026-02-27 · Price 2026-05-07 · Generated 2026-05-08 · Spec 2.3

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.