Stocks that went on massive runs this year may not see the same momentum carry over into 2025, according to Wall Street analysts' consensus targets. The S & P 500 has jumped nearly 26% this year, touching the 6,000 mark on Tuesday as investors continued to pile into technology, energy, industrial and utility companies tied to growth in artificial intelligence and data center-related spending.
Texas-based Vistra has benefited from the AI boom, as its gas-fired and nuclear power plants increasingly supply the power needed to fuel energy-hungry data centers. The company said on its third-quarter earnings call that it is continuing to consider "new generation projects" to meet the growing demand from large-scale data center customers, exploring new construction and expansions at existing data center sites. Vistra posted in-line adjusted EBITDA of $1.
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