{"id":26656,"date":"2024-05-27T23:56:00","date_gmt":"2024-05-27T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=26656"},"modified":"2025-10-11T18:45:57","modified_gmt":"2025-10-11T10:45:57","slug":"vistra-a-turned-around","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/","title":{"rendered":"Why did US largest electricity Vistra, a turned around company, share return higher than Nvidia?"},"content":{"rendered":"\n<p>Vistra is a typical beneficial company in this AI frenzy.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#AI_causes_electricity_consumption_to_rise\" >AI causes electricity consumption to rise<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#Disrupt_power_generation_planning\" >Disrupt power generation planning<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#GPU_power_consumption_is_225_times_of_CPU\" >GPU power consumption is 2~2.5 times of CPU<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#US_and_Japan_have_the_same_trend\" >U.S. and Japan have the same trend<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#Introduction\" >Introduction<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#companys_history\" >company&#8217;s history<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#Americas_largest_power_generator\" >America&#8217;s largest power generator<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#Been_bankrupt\" >Been bankrupt<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#Oerating_performance\" >Oerating performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#Recent_performance\" >Recent performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#Operational_Outlook\" >Operational Outlook<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#Excellent_capital_allocation\" >Excellent capital allocation<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#Unregulated\" >Unregulated<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#Reduce_carbon_emissions\" >Reduce carbon emissions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#Acquisitions\" >Acquisitions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#Repurchase\" >Repurchase<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#Capital_market_performance\" >Capital market performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#Eyes_pop_up\" >Eyes pop up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#Valuation\" >Valuation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#Stock_price_performance\" >Stock price performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#Become_a_Dow_Jones_component_stock\" >Become a Dow Jones component stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#Risks\" >Risks<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/#Related_articles\" >Related articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"AI_causes_electricity_consumption_to_rise\"><\/span>AI causes electricity consumption to rise<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Disrupt_power_generation_planning\"><\/span>Disrupt power generation planning<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the United States, there has even been a surge in electricity consumption due to artificial intelligence. Power generators in many data centers or technology centers in the United States have postponed the operation of coal-fired power plants that were originally scheduled to be phased out to cope with disrupted plans.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"GPU_power_consumption_is_225_times_of_CPU\"><\/span>GPU power consumption is 2~2.5 times of CPU<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The global demand for generated artificial intelligence is booming, data centers are springing up like mushrooms after a rain, and artificial intelligence computing requires huge power. Driven by the rigid demand for data centers, the subsequent upward trend in stock prices is worth looking forward to. It is also recommended that investors pay attention to utility stocks that indirectly benefit from the trend of artificial intelligence.<\/p>\n\n\n\n<p>A Bank of America report points out that the power consumption of GPUs is 2 to 2.5 times that of CPUs. As data centers are gradually put into construction, power consumption is expected to increase significantly and will be more than 50% higher than the power consumption of existing data centers in the United States. , it is estimated that the compound annual growth rate of electricity demand in the artificial intelligence industry will reach 25% to 33% in the next few years.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"US_and_Japan_have_the_same_trend\"><\/span>U.S. and Japan have the same trend<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Goldman Sachs recently released a report predicting that from 2023 to 2030, the compound annual growth rate of U.S. data center electricity demand will reach 15%, and the proportion of data center electricity consumption in U.S. electricity demand will also increase from the current level. 3%, expanding to 8% in 2030.<\/p>\n\n\n\n<p>An analysis report released by Wells Fargo shows that after a 10-year power growth plateau, U.S. power demand is expected to increase by 20% in 2030. According to Wells Fargo, AI data centers alone are expected to increase electricity demand in the United States by approximately 323 terawatt hours (1 terawatt hour = 1 billion kilowatt hours) by 2030. For comparison, New York City currently uses 48 terawatt hours of electricity per year.<\/p>\n\n\n\n<p>The Japanese government recently released a forecast report. In response to the booming application of artificial intelligence, fabs and data center infrastructure continue to be added across Japan. Future national electricity demand is estimated to increase by as much as 50% in 2050.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction\"><\/span>Introduction<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"companys_history\"><\/span>company&#8217;s history<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Vistra_Corp\" target=\"_blank\" rel=\"noreferrer noopener\">Vistra Corp<\/a> (ticker: VST) was formerly known as Vistra Energy Corp and changed its name to its current name in July 2020. The company was founded in 1882 and is headquartered in Irving, Texas. It is a well-known energy company in Texas, USA.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Americas_largest_power_generator\"><\/span>America&#8217;s largest power generator<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The company is mainly engaged in power supply and production. It is currently the supplier of retail electricity to the largest electricity producer in the United States. The company has approximately 39GW of installed capacity, powered by a diverse portfolio including natural gas, nuclear, solar and battery storage facilities. The company owns the Moss Landing power plant in California, which in 2021 claimed to have the world&#8217;s largest battery storage system (400 MW\/1,600 MWh). As of 2020, the company was ranked as the top CO2 emitter in the United States.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Been_bankrupt\"><\/span>Been bankrupt<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In 2016, Texas Competitive Electric Holdings, the parent company of TXU Energy and Luminant, emerged from Chapter 11 as part of the bankruptcy protection of Energy Future Holdings Corporation. TCEH subsequently changed its name to Vistra Energy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Oerating_performance\"><\/span>Oerating performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_performance\"><\/span>Recent performance <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Vistra Energy&#8217;s GAAP net income will be $1.5 billion in 2023, compared with a net loss of $1.2 billion in 2022; adjusted EBITDA from continuing operations will be $4.1 billion in 2022. One figure was $3.1 billion.<\/p>\n\n\n\n<p>After Vistra announced its first-quarter 2024 financial results, the stock price of Vistra, one of the largest power producers and retail energy suppliers in the United States, rose again.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Operational_Outlook\"><\/span>Operational Outlook<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Vistra Energy expects good full-year results in 2024, with adjusted EBITDA from continuing operations expected to be $3.7 billion to $4.1 billion.<\/p>\n\n\n\n<p>The company&#8217;s adjusted EBITDA from continuing operations could exceed $6 billion by 2026, about 24% higher than previous market expectations. This means that the company&#8217;s compound annual growth rate for this indicator will reach 13% during 2023-2026, which is significantly higher than the 3.8% rate during 2020-2023.<\/p>\n\n\n\n<p>In addition, according to calculations by Wall Street institutions, Vistra Energy&#8217;s average annual EPS growth rate during 2023-2026 is 33%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Excellent_capital_allocation\"><\/span>Excellent capital allocation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Unregulated\"><\/span>Unregulated<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In 2023, Vistra Energy&#8217;s natural gas, nuclear and coal-fired power generation will account for more than 20% of Texas&#8217; total electricity consumption. Unlike regulated utilities, where profits are determined by capital investments, Vistra Energy operates in an unregulated market and generates and sells electricity at market prices.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reduce_carbon_emissions\"><\/span>Reduce carbon emissions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Vistra Energy&#8217;s capital allocation is excellent. The company closed unprofitable coal-fired power plants to improve its carbon footprint and ease oversupply. The company closed unprofitable coal-fired power plants to improve its carbon footprint and ease oversupply.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Acquisitions\"><\/span>Acquisitions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>On March 1, 2024, Vistra Energy announced the completion of the acquisition of Energy Harbor nuclear power assets. This is a smart capital allocation move as the merits of nuclear power as the only carbon-free energy source for generating electricity 24\/7 are finally being recognized, and the U.S.&#8217;s demand for existing and new nuclear generation capacity is increasing due to demand for zero-carbon emissions, baseload power. Demand continues to increase. The deal provides a 4,000-megawatt increase to Vistra Energy&#8217;s existing 2,400-megawatt nuclear capacity and means 15.6% of the company&#8217;s generation will come from nuclear power. The deal also adds 1 million retail customers to Vistra Energy&#8217;s existing 4 million customers.<\/p>\n\n\n\n<p>Vistra Energy&#8217;s main operations are concentrated in areas with strong economic growth, and many of the company&#8217;s natural gas power plants are located near high-yield, low-cost gas fields. Companies are also pushing to extend the lives of their existing nuclear facilities. The additional nuclear power generation capacity provides good base load capacity, especially for other clean energy sources such as renewable energy sources that have intermittent characteristics.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Repurchase\"><\/span>Repurchase<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The company&#8217;s management patiently invested in maintaining existing projects and used excess cash flow for stock repurchases. From 2018 to 2023, its share count decreased by 33%.<\/p>\n\n\n\n<p>Vistra Energy repurchased 98% of the interest in payments received under the Taxes Receivable Agreement (TRA). This simplifies the company&#8217;s capital structure and increases free cash flow in the coming years. In February 2024, the company&#8217;s board of directors approved a $1.5 billion stock repurchase plan, with repurchases expected to total $2.25 billion in 2024 and 2025.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Capital_market_performance\"><\/span>Capital market performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Eyes_pop_up\"><\/span>Eyes pop up <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In early July 2024, according to statistics from Reuters Thompson, U.S. nuclear power plant operators Constellation Energy (ticker: CEG) and Vistra have become the strongest stocks in the S&amp;P 500 Index after Supermicro and Nvidia. share.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Valuation\"><\/span>Valuation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The stock currently trades at a 2026 price-to-earnings ratio of 17 times, which is still relatively modest. Vistra Energy&#8217;s book value is only $8.06 per share, which is still well below the market value, indicating that investors are optimistic about the stock.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Stock_price_performance\"><\/span>Stock price performance<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The stock price of Vistra (ticker: VST) has risen more than Nvidia in one year. The price-to-earnings ratio in 2026 is still lower than the average, which means that the stock price should still have room to rise.<\/p>\n\n\n\n<p>As of May 20, 2024, Vistra has risen by 273.36% in the past year, and Vertiv (ticker: VRT, please see my post of &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/23\/how-vertiv-make-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">How Vertiv, share price return 2.5 times of Nvidia, make money?<\/a>&#8220;) has risen by 501% during the same period, both beating Nvidia&#8217;s 204%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Become_a_Dow_Jones_component_stock\"><\/span>Become a Dow Jones component stock<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>After the U.S. stock market closes on November 1, 2024, S&amp;P Dow Jones Indices announced the composition changes to the Dow Jones Industrial Average: Vistra will replace AES and be included in the Dow Jones Industrial Average, the &#8220;Dow&#8221; among the three major U.S. stock indexes. Effective before the opening of trading on March 8th.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Risks\"><\/span>Risks<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Vistra Energy&#8217;s interest costs on existing debt are moderate, which is a positive. But it is worth noting that as of December 31, 2023, Vistra Energy&#8217;s gearing ratio was as high as 84%. Commodities and other derivatives liabilities totaled $6.9 billion, asset retirement obligations totaled $2.5 billion, and long-term debt totaled $14.4 billion. In addition, the company will face higher costs on rolled over debt. The company is particularly vulnerable to continued high interest rates due to its high debt ratio. Therefore, this is a risk factor that investors need to consider.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"180\" height=\"50\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2024\/05\/Vistra_Logo-Custom.jpg\" alt=\"Vistra\" class=\"wp-image-26657\" style=\"width:180px;height:50px\"\/><figcaption class=\"wp-element-caption\">credit: wiki<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Related_articles\"><\/span>Related articles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/07\/06\/the-thinking-machine\/\">A must-read for Nvidia investors\uff02The Thinking Machine\uff02<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/05\/19\/gpu-farms-coreweave\/\">How GPU farms CoreWeave make money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/08\/22\/applied-digital-make-money\/\">How does Applied Digital make money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/12\/08\/comfort-systems\/\">How does Comfort Systems, unattractive business but amazing stock performance, make money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/02\/08\/deepseek-rout\/\">DeepSeek routed the global AI and stock<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/02\/12\/chinese-ai-companies\/\">Chinese AI progress and top companies<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/27\/vistra-a-turned-around\/\" target=\"_blank\" rel=\"noreferrer noopener\">Why did US largest electricity Vistra, a turned around company, share return higher than Nvidia?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/10\/30\/nuclear-power-stocks\/\">Nuclear power stocks spike as AI ignited electricity demand<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/31\/ai-benefits-industries\/\" target=\"_blank\" rel=\"noreferrer noopener\">Artificial intelligence benefits industries<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/23\/how-vertiv-make-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">How Vertiv, share price return 2.5 times of Nvidia, make money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/01\/18\/nextera-energy\/\">How does Renewable Energy Giant NextEra Energy make money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/09\/18\/duke-energy\/\" target=\"_blank\" rel=\"noreferrer noopener\">Duke Energy, representative of monopoly energy companies<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/07\/29\/american-water-works\/\">How does American Water Works make money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/12\/18\/nuclear-energy\/\" target=\"_blank\" rel=\"noreferrer noopener\">Current developments in Nuclear Energy and related companies<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/08\/19\/carbon-capture\/\" target=\"_blank\" rel=\"noreferrer noopener\">Carbon capture current developments, prospects, and related companies<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/05\/25\/nuclear-fusion\/\">The current progress of nuclear fusion, and relevant companies<\/a>&#8220;<\/li>\n\n\n\n<li> &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/01\/11\/solar-power-energy\/\" target=\"_blank\" rel=\"noreferrer noopener\">Current progress of Solar Power and related companies<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/01\/25\/clean-energy\/\" target=\"_blank\" rel=\"noreferrer noopener\">Clean Energy, Green Energy, and Renewable Energy, current development, differences, and related companies<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/04\/14\/ge-spinoff\/\" target=\"_blank\" rel=\"noreferrer noopener\">How did three listed companies make money after GE spinoff? 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A rare case of turning defeat into victory<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/02\/05\/amd-jaw-dropping\/\" target=\"_blank\" rel=\"noreferrer noopener\">Why is AMD\u2019s performance so jaw-dropping?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/07\/23\/significant-changes-in-broadcoms-business-approach\/\" target=\"_blank\" rel=\"noreferrer noopener\">Significant changes in Broadcom\u2019s business approach<\/a>&#8220;<\/li>\n<\/ul>\n\n\n\n<p><em><strong>Disclaimer<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>The content of this site is the author\u2019s personal opinions and is for reference only. I am not responsible for the correctness, opinions, and immediacy of the content and information of the article. Readers must make their own judgments.<\/em><\/li>\n\n\n\n<li><em>I shall not be liable for any damages or other legal liabilities for the direct or indirect losses caused by the readers&#8217; direct or indirect reliance on and reference to the information on this site, or all the responsibilities arising therefrom, as a result of any investment behavior.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Why did US largest electricity Vistra, a turned around comapny, as of May 20, 2024, has risen by 273.36% in the past year, Vertiv rised 501%,  both beated Nvidia&#8217;s 204%.<\/p>\n","protected":false},"author":1,"featured_media":26657,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[479,1492,1066],"tags":[1126,169,1269,1270],"class_list":["post-26656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-utility","category-datacenter","category-green-energy","tag-ceg","tag-nvda","tag-vrt","tag-vst"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/26656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/comments?post=26656"}],"version-history":[{"count":31,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/26656\/revisions"}],"predecessor-version":[{"id":39350,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/26656\/revisions\/39350"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/26657"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=26656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=26656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=26656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}