Vistra Stock Plunges Despite Strong Earnings and Contracted Revenue

Vistra's second-quarter adjusted EBITDA from ongoing operations rose 31% year over year to $1.77 billion.

The company has 20-year power agreements with Amazon Web Services and Meta covering more than 3,800 megawatts of nuclear capacity.

Electricity demand is growing fast in the US for the first time in decades, driven by data centers, oil field electrification, and electric vehicles.

The stock has dropped about 37% from a 52-week high of $219.82 to around $139 as of this writing, despite strong earnings and contracted revenue.