KeyBanc initiates coverage on Vistra with 'overweight' rating

Vistra

25/11/2025 12:30

** KeyBanc initiates coverage on power utility Vistra VST.N with an "overweight" rating and price target of $217

     ** Brokerage says U.S. power market is entering a demand upcycle, driven by data centres, industrial reshoring and electrification

     ** VST’s dispatchable generation and partnerships with hyperscalers, such as Amazon and Microsoft, position it to capture this growth - KeyBanc

     ** Adds, VST's nuclear and modern gas assets benefit from scarcity pricing and reliability premiums

     ** KeyBanc notes co's ability to repower legacy sites and leverage existing interconnections creates durable competitive edge

     ** Twenty of 22 brokerages rate the stock "buy" or higher and two "hold"; their median PT is $234.5 - LSEG data

     ** As of last close, shares up 27% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))