CEG vs VST: Which Is the Better Buy?
Side-by-side comparison of Constellation Energy Corporation and Vistra Corp. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-08-06.
Constellation Energy Corporation · Utilities
$265.12
+11.3% upside to fair value
Med Conviction
Grade B-
VS
Vistra Corp. · Utilities
$140.58
+20.9% upside to fair value
Med Conviction
Grade B
QuantHub Verdict
VST has more upside to fair value
(+20.9%).
VST trades at a lower forward P/E
(15.4x).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
CEG |
VST |
| Current Price |
$265.12 |
$140.58 |
| Fair Value Estimate |
$295.00 |
$170.00 |
| Upside to Fair Value |
+11.3%
|
+20.9%
|
| Market Cap |
$95.2B |
$47.4B |
| Forward P/E |
22.6x
|
15.4x
|
| EV / EBITDA |
12.6x
|
9.3x
|
| Price / Sales |
2.9x
|
2.9x
|
| Price / FCF |
196.2x
|
42.5x
|
| Revenue Growth YoY |
+35.3%
|
+20.0%
|
| Gross Margin |
44.6%
|
12.7%
|
| Operating Margin |
14.6%
|
2.1%
|
| Return on Equity |
11.1%
|
35.0%
|
| Dividend Yield |
0.64% |
0.65% |
| FCF Yield |
0.51%
|
2.4%
|
| Analyst Consensus |
Buy
|
Strong Buy
|
Investment Thesis
Constellation Energy is the largest private-sector power producer in the world and the largest operator of nuclear plants in the United States, controlling roughly 32,400 megawatts of largely carbon-free generation before its January 2026 acquisition of Calpine added about 23 gigawatts of natural gas and geothermal capacity to create a nearly 60 gigawatt platform spanning nuclear, gas, wind, sola…
Vistra is an integrated merchant power producer and retail electricity supplier with roughly 38,700 MW of generation across natural gas, nuclear, coal, solar and battery storage, plus a roughly 4.3 million customer retail book (TXU and affiliated brands) across 20 states. The 2024 Energy Harbor deal made it the second-largest nuclear operator in the US, and that nuclear and gas fleet is now centr…
Accumulation Zones
| Metric |
CEG |
VST |
| Zone Low |
$221.00 |
$128.00 |
| Zone High |
$251.00 |
$145.00 |
| In Buy Zone? |
No
|
Yes
|