Vistra Stock Slumps Despite Strong Financials

Vistra's stock price has dropped about 37% from its 52-week high of $219.82, but the company's financial performance is strong.

The firm reported a 31% increase in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) from ongoing operations to $1.77 billion in the second quarter.

Vistra has secured long-term power purchase agreements with Amazon Web Services and Meta Platforms, covering over 3,800 megawatts of nuclear capacity for 20 years each.

The company's management reaffirmed its 2026 adjusted EBITDA guidance of $6.8 billion to $7.6 billion and expects to land at or above the midpoint of that range.