Vistra Corp

VST: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$77.00	Qmvm	Fjnjyvjns

Vistra and NRG Energy: Record-Breaking Texas Summer a Hot Topic for Third-Quarter Earnings

Travis Miller

Sep 14, 2023

We are reaffirming our fair value estimates of $37 per share for NRG Energy and $26 per share for Vistra after a month of tight supply/demand conditions on the Texas power grid. We are also reaffirming our no-moat and High Uncertainty Ratings for both companies.

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