Vistra Corp. (VST) Reports $5.64B Revenue, Adjusted EBITDA Up 20%
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowVistra Corp. (VST) reported Q1 revenue of $5.64 billion, exceeding the consensus estimate of $5.24 billion. The company's adjusted EBITDA increased by 20% year-over-year, driven primarily by its generation segment. Raymond James adjusted its price target for VST from $208 to $202, maintaining a Strong Buy rating based on the company's solid retail business and large thermal fleet management. Despite some impacts from mild weather on retail, the diversified model contributed to overall strong performance and long-term earnings growth potential. Vistra plans to revise guidance post-acquisitions including the Cogentrix portfolio.
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About Vistra Corp. (VST)
Vistra is a competitive power generator and retail-electricity provider.
The Utilities sector covers electric, gas and water providers prized for steady, regulated income.
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