Vistra

Power Generation · VST

The merchant power generator selling electricity to the AI buildout and, through Helix, helping finance it. Owning plants already connected to the grid is the advantage; committing shareholder cash to the projects that buy the power is the risk.

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Approx. market cap: $47B

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Featured · Power

Vistra's $1 billion AI bet changes who carries the risk

Vistra can sell power to the AI buildout and help finance it. Owning connected plants is a real advantage; committing shareholder cash to the projects that buy from them is a different bet.

September 14, 2026 · 6 min read