NRG vs VST: AI Stock Comparison

NRG Energy, Inc. vs Vistra Corp.: AI exposure, key metrics, next earnings dates, upcoming catalysts and risks — every number linked to its source.

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Tie: both score 2/5 on AI exposure under our rubric; compare the catalysts and risks below. The score measures how directly each business is tied to AI, not which stock to buy.
⏱ Next catalyst: $VST has the earlier next catalyst (Nov 6, 2026).
$NRG
NRG Energy, Inc.
Power generation and retail electricity.
$VST
Vistra Corp.
Power generator with nuclear and gas plants.
AI exposure score⚡⚡⚡⚡⚡ 2/5⚡⚡⚡⚡⚡ 2/5
Shares outstanding210.2M
as of 2026-07-31 · 10-Q cover page · SEC filing
335.6M
as of 2026-08-03 · 10-Q cover page · SEC filing
CategoryPower producersPower producers
Key metrics
Revenue (latest quarter) $7.48B
10-Q period ended 2026-06-30; +11% y/y · SEC filing
Operating income $976.0M
Same quarter; 13% operating margin · SEC filing
Net income $506.0M
Same quarter · SEC filing
Revenue (latest quarter) $4.02B
10-Q period ended 2026-06-30; -5% y/y · SEC filing
Operating income $553.0M
Same quarter; 14% operating margin · SEC filing
Net income $305.0M
Same quarter · SEC filing
Next earnings
Nov 9, 2026 confirmed
NRG Energy, Inc. quarterly earnings · source
Nov 6, 2026 confirmed
Vistra Corp. quarterly earnings · source
Next catalyst
Nov 9, 2026 confirmed
NRG Energy, Inc. quarterly earnings · source
Nov 6, 2026 confirmed
Vistra Corp. quarterly earnings · source
Upcoming catalysts
Nov 9, 2026 confirmed
NRG Energy, Inc. quarterly earnings · source
Nov 6, 2026 confirmed
Vistra Corp. quarterly earnings · source
Most recent reportedNot yet announced / not on our calendarNot yet announced / not on our calendar
Key risks
  • “Volatile power and gas supply costs and demand for power and gas could adversely affect the financial performance of NRG's retail operations.” — 10-K risk factor (filed 2026-02-24) · source
  • “The Company’s use of, or failure to effectively adopt, AI systems in its operations, services and products poses operational, competitive, cybersecurity, legal and compliance risks that…” — 10-K risk factor (filed 2026-02-24) · source
  • “Volatile power supply costs and demand for power have and could in the future adversely affect the financial performance of our retail businesses.” — 10-K risk factor (filed 2026-02-27) · source
  • “We may suffer material losses, costs and liabilities due to operation risks, regulatory risks, and the risk of nuclear accidents arising from the ownership and operation of the nuclear…” — 10-K risk factor (filed 2026-02-27) · source
AI angle

NRG's AI angle is rising electricity demand from data centers in its markets; most revenue comes from retail energy.

Vistra owns generation that can supply data centers; its AI exposure is via power demand and potential long-term contracts with tech customers.

Full analysis: $NRG →Full analysis: $VST →

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Deep dives: NRG next earnings & catalysts · VST next earnings & catalysts · AI earnings this week