Vistra Is Down 30% From Its High. Here's What I'd Do Now.

Vistra (NYSE: VST) has pulled back about 30% from its Sept. 22, 2025 record close of $217.02 per share, after a surge that delivered a 556% gain over the prior two years. The earlier rally was fueled by fast-growing, power-hungry cloud infrastructure and AI demand. Shares now trade near $154, with analysts expecting 29% revenue growth in 2026, alongside an EPS rebound after 2025’s decline tied to one-time hedge and Energy Harbor integration accounting adjustments. The stock’s reversal reflects two key issues: partial shutdown of Moss Landing battery storage after early-2025 fires, and PJM’s proposed rule to cap electricity capacity prices. Vistra also remains tied to data-center demand via deals with Meta Platforms and Amazon.