Texas Electric Grid Under Strain As Triple-Digit Temperatures Continue

An aerial view of an Austin Energy-owned electrical substation (Brandon Bell/Getty Images)

Power Texas Ranger

The S&P 500’s best performer this year is surging once again after earnings

Texas-based utility firm Vistra Corp is the big beneficiary of accelerating demand for electricity.

11/7/24 10:33AM

Vistra, the top S&P 500 performer in 2024, is on a renewed press higher after reporting better-than-expected quarterly results and boosting its full-year earnings outlook.

The power generator has soared 227% year to date through Wednesday, and is adding another 4.8% as of 10:12 a.m. ET.

Revenues of $6.3 billion were well above the $5 billion consensus estimate, with earnings per share of $1.28 also exceeding analysts’ expectations.

Demand for electricity accelerated meaningfully in 2024 relative to average growth over the past 10 years, and grid operators in regions where Vistra has a major footprint are forecasting even stronger growth through the end of the decade.

Projected electricity demand growth — Source: Vistra company presentation

Management’s improved guidance for 2024 and initial range for 2025 doesn’t include potential benefits from nuclear-production tax credits, which could add materially to its bottom-line results. The board also authorized another $1 billion in share repurchases to be carried out by the end of 2026.

More Markets

See all Markets

Credit markets have a “debt” problem, not a “risk” problem

We’re getting a lot of borrowing, and that borrowing is risk-reducing (for now!)

New York City Architecture And Monuments

Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

Web Summit Vancouver 2026 - Day Three

markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise

Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.

©2026 Sherwood Media, LLC