The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

Vistra Corp. (NYSE:VST) is one of the undervalued infrastructure stocks to buy now. Vistra’s selection as the preferred power provider for a $10 billion KKR-backed AI infrastructure venture underscores its growing role in powering the AI economy.

On June 11, 2026, a KKR-led group launched Helix Digital Infrastructure, a new company backed by more than $10 billion in committed capital aimed at financing AI infrastructure build-out.

Vistra is an anchor investor in the venture and has been named Helix’s preferred power provider, positioning it alongside Nvidia, which will contribute AI data-center design expertise, and the Kuwait Investment Authority. Helix is led by former Amazon Web Services CEO Adam Selipsky, who stepped down from that role in May 2024 after reportedly doubling AWS’s sales and operating profit since 2021.

The launch reflects a broader push by private capital into AI infrastructure as surging U.S. data-center construction strains power supply and tightens electronics components. KKR’s infrastructure platform manages over $100 billion in assets, including more than $70 billion across digital and power. Helix can bring in additional institutional investors once founding commitments close.

That backdrop gave added weight to an earlier analyst move. On May 21, 2026, Morgan Stanley raised its price target on Vistra to $212 from $208, keeping an “Overweight” rating, as part of a broader update to North American Regulated and Diversified Utilities and IPP price targets. The firm noted utilities underperformed the S&P 500 that month.

Vistra Corp. (NYSE:VST) is one of the largest competitive power generators in the United States. The company operates a power generation fleet of natural gas, nuclear, coal, solar, and battery energy storage facilities in the country.

While we acknowledge the potential of VST as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

Disclosure: None. Follow Insider Monkey on Google News.