Vistra Corp
VST: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$77.00 | Gmcd | Kdbzdnbmt |
Vistra Energy Earnings: Widespread Power Market Rally Boosts Outlook, Valuation
We plan to raise our $32 per share fair value estimate for Vistra by about 25% to reflect a rally in Texas power markets during the last quarter and additional synergies from the Energy Harbor acquisition that closed in March. This follows our 23% fair value increase in March to reflect Vistra's higher hedged margin value. We are reaffirming our no-moat and High Uncertainty ratings.