BMO Capital raised its price target on Vistra Energy (NYSE: VST) to $241 from $240 while maintaining an Outperform rating, following fourth-quarter and full-year 2025 results that were in line with expectations.
Management reiterated its 2026 EBITDA, free cash flow before growth (FCFbG), and asset allocation outlooks. Although updates during the earnings call were limited, BMO indicated it came away incrementally more positive on the stock.
The firm highlighted management’s emphasis on financial flexibility and the company’s ability to generate substantial free cash flow to enhance shareholder value. Additionally, BMO pointed to active discussions with customers regarding large-load power contracts, including increased interest in Vistra’s 1.8-gigawatt Beaver Valley nuclear facility.
