Vistra’s Q4 Earnings Top Estimates as Nuclear Power Demand Rises | Global News Avenue

Verited Corp. ((vst) Thursday’s profits were better than expected in the fourth quarter due to rising demand for nuclear power.

The Texas-based power company reported net revenue of $490 million for the quarter, up from a $184 million loss a year ago the same time, and above is visible to the analyst consensus of Alpha compiled.

Vistra did not state its fourth-quarter revenue, but said Thursday it received $17.22 billion in 2024, up from the $13.19 billion it had previously said it had already earned in the first four quarters of the year. Analysts expect full-year and fourth-quarter revenue to be estimated at $17.79 billion and $5.44 billion, respectively.

“In the past 12 months, we closed a unique acquisition, added three nuclear sites, added about 1 million retail customers and 2,000 new team members to the main PJM market, and now proudly operates the country’s second largest competitive nuclear fleet.”

Vistra is The biggest winner exist stock market In 2024, it sets up many Record highs exist enthusiasm And other nuclear power providers can Benefit from rising electricity demand Data centers for running artificial intelligence products.

Vistra shares have been turning in both directions after the report, and have recently fallen by more than 4%. The value of stocks has roughly tripled over the past 12 months.