Analyst Ross Fowler of Bank of America Securities maintained a Buy rating on Vistra Energy, retaining the price target of $224.00.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Ross Fowler has given his Buy rating due to a combination of factors including Vistra Energy’s strong financial performance and strategic initiatives. The company reported a Q3 adjusted EBITDA of $1,581 million, surpassing both Bank of America and consensus estimates, and showing improvement over the previous year’s results. This positive performance was driven by higher energy margins, with increased wholesale prices and capacity revenues, despite some operational setbacks.
Additionally, Vistra Energy’s updated guidance for the upcoming years reflects a positive outlook, with narrowed and initiated EBITDA guidance for 2025 through 2027. The company emphasizes disciplined capital allocation, aiming to convert a significant portion of adjusted EBITDA to free cash flow, which supports its plans for share repurchases and dividends. Furthermore, Vistra’s focus on datacenters and new build opportunities, coupled with a substantial cash reserve, positions it well for future growth and value creation.
According to TipRanks, Fowler is a 4-star analyst with an average return of 7.7% and a 63.85% success rate. Fowler covers the Utilities sector, focusing on stocks such as Eversource Energy, Alliant Energy, and Xcel Energy.
In another report released today, BMO Capital also maintained a Buy rating on the stock with a $245.00 price target.