Vistra Energy Corp.'s stock surged 5.04% during intraday trading on Friday, continuing its positive momentum.
The movement is primarily attributed to the growing AI power demand thesis gaining traction in the market. Analyst sentiment remains bullish, with Jefferies recently raising its price target on Vistra to $190 while maintaining a Buy rating. The broader Wall Street consensus target stands at $233.19, implying substantial upside potential from current levels.
Furthermore, strong institutional conviction is bolstering the stock. Notably, hedge fund Appaloosa's David Tepper more than doubled his position in Vistra during the first quarter, signaling significant confidence in the company's role within the AI data center power supply chain.
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