Vistra Corp. remains a strong Buy with robust earnings outlook and strategic data center partnerships despite regulatory risks.

Vistra Corp. is positioned for strong financial performance with an expected adjusted EBITDA of $7.6B–$8.3B in FY2027, supported by its diverse power assets and partnerships in AI-driven data centers. While moratoriums create some regulatory uncertainty and potential project delays, Vistra's strategy of colocating with existing assets and its solid power purchase agreements help mitigate these risks. The company maintains a healthy balance sheet and focuses on capital appreciation and share repurchases rather than high dividend yields. Ongoing consolidation and attractive valuations reinforce Vistra's Buy recommendation for investors seeking growth in the energy sector.