Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Vistra Corp's financial results for the fourth quarter of 2024 reflect a year of considerable transformation characterized by operational advancements and strategic acquisitions.</li><li>The company successfully acquired three nuclear sites along with one million retail customers and expanded its workforce by nearly 2,000 employees.</li><li>This addition was central to the company's increased adjusted EBITDA of $5.656 billion, exceeding their original guidance ranges, due in part to an unexpected $545 million benefit from a nuclear production tax credit recognized in the fourth quarter.</li></ul>

Vistra Corp's financial results for the fourth quarter of 2024 reflect a year of considerable transformation characterized by operational advancements and strategic acquisitions.The company successfully acquired three nuclear sites along with one million retail customers and expanded its workforce by nearly 2,000 employees.This addition was central to the company's increased adjusted EBITDA of $5.656 billion, exceeding their original guidance ranges, due in part to an unexpected $545 million benefit from a nuclear production tax credit recognized in the fourth quarter.

Vistra Inc.: Regulatory Clarity & Legislative Developments As A Pivotal Influence On Its Growth Trajectory!

<ul><li>The emergence of DeepSeek, a Chinese artificial intelligence startup, has sent shockwaves across Wall Street, and energy companies are feeling the aftershocks.</li><li>Vistra Energy suffered its worst single-day decline ever, plunging 28% on January 29, 2025, shedding a staggering $18.4 billion in market value.</li><li>Constellation Energy (NASDAQ: CEG) also nosedived by 21%, erasing $22.8 billion in capitalization.</li></ul>

The emergence of DeepSeek, a Chinese artificial intelligence startup, has sent shockwaves across Wall Street, and energy companies are feeling the aftershocks.Vistra Energy suffered its worst single-day decline ever, plunging 28% on January 29, 2025, shedding a staggering $18.4 billion in market value.Constellation Energy (NASDAQ: CEG) also nosedived by 21%, erasing $22.8 billion in capitalization.

Vistra Corp: DeepSeek Challenging the AI-Power Demand Thesis Could Be A MATTER OF CONCERN!

<ul><li>Vistra Corp's third-quarter 2024 results reveal a mix of achievements and challenges, reflecting the current dynamics of the energy industry.</li><li>The company reported a strong operational performance with an adjusted EBITDA of $1.444 billion, despite milder weather conditions in Texas.</li><li>This underlines a robust operational execution across Vistra's generation, commercial, and retail sectors.</li></ul>

Vistra Corp's third-quarter 2024 results reveal a mix of achievements and challenges, reflecting the current dynamics of the energy industry.The company reported a strong operational performance with an adjusted EBITDA of $1.444 billion, despite milder weather conditions in Texas.This underlines a robust operational execution across Vistra's generation, commercial, and retail sectors.

Vistra Corp.: Diversification of Energy Portfolio As A Pivotal Growth Lever! - Major Drivers

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Index Rebalance

<ul>
<li>The S&amp;P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.</li>
<li>The index is reviewed quarterly. The next review will be in June 2024 and the evaluation date for the rankings for the constituent selection process is 6th June 2024.</li>
<li>In this insight, we take a look at the Potential ADDs and Potential DELs for the June 2024 index rebal event and the intra-review ADDs/DELETEs.</li>
</ul>


The S&amp;P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.
The index is reviewed quarterly. The next review will be in June 2024 and the evaluation date for the rankings for the constituent selection process is 6th June 2024.
In this insight, we take a look at the Potential ADDs and Potential DELs for the June 2024 index rebal event and the intra-review ADDs/DELETEs.


Quiddity Leaderboard S&P 500 Jun 24 Rebal: Many Intra-Review Changes Possible Due to M&A, Spin-Offs

<ul><li>Vistra Energy's first quarter 2024 earnings revealed a company with a positive outlook for long-term growth, yet with some challenges ahead.</li><li>Positive remarks were made on improved market dynamics in the power sector and a significant increase in long-term outlook for the company.</li><li>A substantial execution plan was also presented, primarily focused on delivering reliable, affordable, and sustainable power amidst increasing power demands.</li></ul>

Vistra Energy's first quarter 2024 earnings revealed a company with a positive outlook for long-term growth, yet with some challenges ahead.Positive remarks were made on improved market dynamics in the power sector and a significant increase in long-term outlook for the company.A substantial execution plan was also presented, primarily focused on delivering reliable, affordable, and sustainable power amidst increasing power demands.

Vistra Corp.: Initiation of Coverage - How They Are Navigating Market Volatility and Competitive Pressures? - Major Drivers

United States

Vistra Corp. provides utility services. The Company generates energy. Vistra Corp serves customers worldwide.

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Vistra (VST US)

Vistra Inc.: Regulatory Clarity & Legislative Developments As A Pivotal Influence On Its Growth Trajectory!

Vistra Corp's financial results for the fourth quarter of 2024 reflect a year of considerable transformation characterized by operational...

Baptista Research

Vistra Corp: DeepSeek Challenging the AI-Power Demand Thesis Could Be A MATTER OF CONCERN!

The emergence of DeepSeek, a Chinese artificial intelligence startup, has sent shockwaves across Wall Street, and energy companies are feeling the...

Baptista Research

Vistra Corp.: Diversification of Energy Portfolio As A Pivotal Growth Lever! - Major Drivers

Vistra Corp's third-quarter 2024 results reveal a mix of achievements and challenges, reflecting the current dynamics of the energy industry. The...

Baptista Research

Quiddity Leaderboard S&P 500 Jun 24 Rebal: Many Intra-Review Changes Possible Due to M&A, Spin-Offs

The SP500 will to see up to 4 intra-review changes before the June 2024 rebal. 3 near certain. The interesting ones? Two SP600 deletions due to...

Travis Lundy

Vistra Corp.: Initiation of Coverage - How They Are Navigating Market Volatility and Competitive Pressures? - Major Drivers

Vistra Energy's first quarter 2024 earnings revealed a company with a positive outlook for long-term growth, yet with some challenges...

Baptista Research

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