Vistra Tokenized Stock is trading at $125.39, just above its $124.75 pivot, after a strong third-quarter earnings release from Vistra Corp. and a sharp post-report swing in analyst sentiment. On Bi...
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Vistra Corp. reported third-quarter 2026 results on November 6, 2026, and the print was solid: GAAP net income came in at $1.14 billion, including a $559 million unrealized hedge gain, while ongoing operations adjusted EBITDA rose more than 50% year over year to $2.378 billion. Management also lifted the midpoint and narrowed the 2026 guidance range for ongoing operations adjusted EBITDA to $7.1 billion to $7.5 billion and ongoing operations adjusted FCFbG to $4.3 billion to $4.7 billion, then initiated 2027 guidance at $7.7 billion to $8.5 billion of EBITDA and $4.3 billion to $5.1 billion of FCFbG. The board also authorized an additional $1.5 billion in share repurchases expected to be used by year-end 2028. That combination matters because it anchors the equity story in cash generation and capital returns, not just the day-to-day tape. citeturn0search0
The reaction has been uneven. Sanford C. Bernstein reaffirmed an Outperform rating and set a $181 target, while BMO Capital Markets cut its target to $188 from $210 but kept an Outperform rating. By contrast, KeyBanc downgraded the stock to Sector Weight and removed its target, citing concern that Texas politics could unsettle the data-center and AI-driven power-demand thesis. That split shows the market is no longer treating VST as a one-way trade: the earnings base is stronger, but the valuation debate is now tied to policy and demand durability.
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