Vistra’s shares have declined 9.5% in the past six months versus a 17.5% gain in the electric power industry and a 14.7% utilities-sector rise, following an accident that forced a 300-MW unit at its Moss Landing battery storage facility offline. The unexpected outage weighed on earnings and offset gains from rising data-center demand.

The company secured a 20-year power purchase agreement for its Comanche Peak nuclear plant in Texas, providing long-term revenue certainty. Vistra also agreed to acquire Cogentrix Energy’s 5 500 MW of natural gas–fired capacity for about $4 billion, expanding its generation mix.

Vistra’s board approved an additional $1 billion for share repurchases and maintains a quarterly dividend of $0.227 per share, targeting $300 million in annual payouts. Despite these measures, the stock trades at a forward P/E of 18.85x, above the 17.23x industry average.

Analysts project year-over-year revenue growth of 25.35% and EPS growth of 81.57%, underpinned by a diversified 41 000 MW portfolio spanning gas, nuclear, solar and storage. Vistra’s trailing-12-month ROE of 64.04% far exceeds the industry’s 10.7%, reflecting efficient capital utilization.