Vistra Corp

VST: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$32.00	Lmty	Pvggtgb

Vistra Energy: Closes Energy Harbor Deal; Improving Outlook for 2024 and Beyond

Travis Miller

Mar 5, 2024

We plan to raise our $26 fair value estimate for Vistra about 10% after the company closed its $5.7 billion acquisition of Energy Harbor and reported $4.1 billion of adjusted EBITDA in 2023, slightly above our estimate. We are reaffirming our no-moat rating.

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