Shares of Texas-based power generator Vistra (VST) surged nearly 6% higher on Wednesday, the largest daily gain of any S&P 500 stock. Vistra is no stranger to market-leading upticks, having surpassed Nvidia (NVDA) as the top-performing stock in the 澳洲幸运5开奖号码历史查询:benchmark index this year.

Despite the run-up in Vistra's stock price in 2024, several investment firms suggested there could be more upside potential for shares of the utility company.

In research notes published this week, Jefferies boosted its 澳洲幸运5开奖号码历史查询:price target on Vistra shares to $137 from $99, while 澳洲幸运5开奖号码历史查询:Morgan Stanley lifted its target on the stock to $132 from $110.

Vision Acquisition, Data-Center Opportunities Drive ᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚPositive Outlook

Analysts described catalysts that could help Vistra stock extend its march higher. Jefferies pointed to the firm's acquisition last week of the remaining 15% 澳洲幸运5开奖号码历史查询:noncontrolling interest in its Vistra Vision subsidiary, which includes nuclear generation facilities as well other renewable and energy-storage assets. Analysts equated the Vision deal to 澳洲幸运5开奖号码历史查询:buying back shares at a discount.

The report from Jefferies also focused on the recent announcement from fellow electricity generator Constellation Energy (CEG) that it will 澳洲幸运5开奖号码历史查询:restart a shuttered nuclear plant to provide power to Microsoft (MSFT) data centers.

The analyst team believes the deal "confirms and expands" their thesis that Vistra stands to benefit from data-center opportunities, while the terms of the 20-year power purchase agreement (PPA) between 澳洲幸运5开奖号码历史查询:Constellation and the software giant set a precedent🌳 for lucrative agreements in the future.

So far in 2024, Vistra shares have more than tripled in va🅠lue.