---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000894788.md"
description: "$Vistra(VST.US)Vistra: AI Needs Power, But VST Needed a Reality CheckAI needs electricity, but that narrative alone could not justify Vistra’s climb toward $220. At roughly $139, VST is down about 37% from its 52-week high of $219.82. (MarketWatch)The weakness looks more like valuation compression than a fundamental collapse. Q2 2026 revenue fell 5.5% YoY to $4.02 billion and net income to $305 million, while unrealised hedge losses distorted GAAP earnings. More importantly, adjusted EBITDA actually rose 31% to $1.77 billion. Management maintained FY2026 EBITDA guidance of $6.8–$7.6 billion and free cash flow of $3.925–$4.725 billion. (Vistra Corp. Investor Relations)Fundamentally, the AI-power thesis remains attractive, but investors are questioning how quickly data-centre demand converts into earnings. Recent US grid scrutiny over inflated “ghost demand” adds another layer of uncertainty. (Reuters)At ~$139, valuation has become more interesting: forward P/E is around 13–15x, materially below VST’s historical premium. (Yahoo Finance Singapore) Technically, however, momentum remains damaged.Option writer: favour cash-secured puts rather than chasing shares. Target 20–30 delta, 30–60 DTE, preferably strikes around $120–$130. Demand enough premium to provide a meaningful downside buffer; avoid selling aggressively at 40–50 delta until momentum stabilises.Not financial advice."
datetime: "2026-09-11T00:16:22.000Z"
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  - [en](https://longbridge.com/en/topics/100000000894788.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000894788.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000894788.md)
author: "[FaithAnchor](https://longbridge.com/en/profiles/24833348.md)"
generator: "portal-rs"
---

# $Vistra(VST.US)Vistra: AI Needs Power, But VST Nee…


### Related Stocks

- [VST.US](https://longbridge.com/en/quote/VST.US.md)

## Comments (1)

- **Eunice · 2026-09-11T03:42:23.000Z**: the level has moved on you, it closed near 147 rather than 139, which puts the drawdown closer to a third than the figure in your note.


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**