NBIS vs VST: Which Is the Better Buy?
Side-by-side comparison of Nebius Group N.V. and Vistra Corp. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-08-06.
Nebius Group N.V. · Technology
$218.99
+11.9% upside to fair value
Med Conviction
Grade C+
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%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
NBIS |
VST |
| Current Price |
$218.99 |
$140.58 |
| Fair Value Estimate |
$245.00 |
$170.00 |
| Upside to Fair Value |
+11.9%
|
+20.9%
|
| Market Cap |
$52.6B |
$47.4B |
| Forward P/E |
—
|
15.4x
|
| EV / EBITDA |
—
|
9.3x
|
| Price / Sales |
59.9x
|
2.9x
|
| Price / FCF |
—
|
42.5x
|
| Revenue Growth YoY |
+684.0%
|
+20.0%
|
| Gross Margin |
48.0%
|
12.7%
|
| Operating Margin |
-68.8%
|
2.1%
|
| Return on Equity |
—
|
35.0%
|
| Dividend Yield |
0% |
0.65% |
| FCF Yield |
-4.7%
|
2.4%
|
| Analyst Consensus |
Buy
|
Strong Buy
|
Investment Thesis
Nebius Group is a fast-scaling neocloud GPU infrastructure provider spun out of Yandex's international assets, positioned at the center of the AI compute buildout with a validated capital relationship to Nvidia, which holds a 9.3% stake following a $2 billion investment. Revenue grew 684% year over year in Q1 2026 to $399 million, core AI cloud ARR reached $1.92 billion, and the company has locke…
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 |
NBIS |
VST |
| Zone Low |
$184.00 |
$128.00 |
| Zone High |
$208.00 |
$145.00 |
| In Buy Zone? |
No
|
Yes
|