Vistra Corp

Ticker
$VST
Industry
Power Gen
Type
Cheap
Rating
Covered
Category
General
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Vistra came public in 3Q16 after emerging from bankruptcy. This is the wholesale generation and retail segments from the former TXU energy.

Notes

  • Issuing preffered stock ($1bn) to buyback common stock ($2bn) — Oct 2021
Capital allocation updateNov 2021 — issuing
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Winter Storm Uri — both Vistra and competitor $NRG took a nosedive in ~Feb 2021 after major losses from Winter Storm Uri which impacted Texas
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2022 guidance — $2.8-3.3bn EBITDA / $2.07-2.57bn FCF
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BofA comparing valuations of IPPs to HY energy stocks
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Financials & Valuation

Resources

Vistra ($VST) — Initiation (5/28/21)
BofA Note — IPPs