Stephen Mandel’s Lone Pine Capital has increased its stake in electricity company Vistra Corporation, now making it their top holding with a stock that has surged over 875% in the last five years. Demand for electricity is rising, potentially driving the stock even higher. Mandel’s timely investments have paid off, with Vistra’s stock soaring and Lone Pine’s stake now worth $1.25 billion, comprising 8.92% of their portfolio. Vistra is the largest competitive power generator in the U.S., with most of its capacity coming from natural gas, coal, and nuclear plants. It also serves 5 million retail customers in 16 states. The recent surge in Vistra’s stock price is due to surging electricity demand and limited supply, leading to higher prices that benefit the company. With only 4% of its generation portfolio coming from non-nuclear renewables, Vistra is well-positioned to capitalize on the current market dynamics. Consideration should be given to investing in Vistra, as the stock has shown strong performance and potential for future growth. Lone Pine’s strategic investments in Vistra have proven successful, positioning the company as a key player in the energy sector.

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