That’s the percentage change in shares of merchant power provider Vistra over the last 12 months. Vistra, which joined the S&P 500 on May 8, replacing Pioneer Natural Resources, is the best-performing stock in the index this year, jumping more than 230% in 2024.
Merchant power providers are companies that generate electricity and sell it to the highest bidder in wholesale markets or to industrial buyers, rather than at the regulated prices that utilities collect.
Like Constellation Energy and NRG, Vistra’s stock price has benefitted from excitement over growing power demand for energy-hungry AI data centers, which is expected to raise demand for their clean-energy offerings, including nuclear power.
Up nearly 70% over the last three months alone, expectations seem to be high for Vistra’s next earnings report, which is due November 7.