Vistra Stock Pops as the 2024’s Best-Performing S&P 500 Company Tops Expectations [Video]

Vistra Corp (VST) shares climbed after the company posted third-quarter earnings that smashed expectations after the market closed Wednesday. 

The Texas-based electricity provider reported revenue of $6.29 billion, up 54% year-over-year and compared to the analyst consensus of $4.53 billion. Net income was $1.84 billion, blowing past expectations of $504.63 million.

Vistra also raised its full-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) forecast to between $5 billion and $5.2 billion from $4.55 billion to $5.05 billion.

Shares of Vistra rose more than 9% intraday Thursday and have more than tripled in value in 2024, making it the best-performing stock on the S&P 500 index this year. The company has seen a wave of enthusiasm about using nuclear capacity to power energy-intensive artificial intelligence processes.