Large Cap
Independent Power Producers
Stocks Ranked by
Market Capitalization
| Name | Market cap | Price |
Price change % |
|
|---|---|---|---|---|
1
Constellation Energy
CEG
$96.1B
| $96.1B | $271.37 | 1.32% |
|
2
Vistra
VST
$51B
| $51B | $152.02 | 1.39% |
|
3
NRG Energy
NRG
$21.8B
| $21.8B | $103.75 | 0.87% |
|
4
Talen Energy Corp
TLN
$16.8B
| $16.8B | $354.81 | 0.34% |
|
Large Cap Independent Power Producers Stocks at a Glance
Independent power producers own merchant generation and sell electricity into wholesale and retail markets. Unlike regulated utilities, earnings ride power prices — set by fuel costs, weather, and capacity balances — making them the leveraged, higher-beta corner of the utility space.
There are 4 large cap Independent Power Producers stocks — companies in the Independent Power Producers industry with a market cap between $10B and $200B — worth a combined $186B.
The largest by market cap are Constellation Energy (CEG) at $96.1B, Vistra (VST) at $51B and NRG Energy (NRG) at $21.8B.
Among institutional investors, Vistra (VST) drew the most net new fund positions in Q2 2026: 231 funds opened new positions, taking total fund holders up 93 (7%) quarter-over-quarter.
- Combined market cap: $186B across 4 stocks.
- Large Cap: market cap between $10B and $200B.
- Largest constituent: Constellation Energy (CEG), $96.1B market cap.
- Most net new fund positions in Q2 2026: Vistra (VST), +93 holders.
Market caps and prices updated daily; fund activity based on aggregated SEC 13F filings for Q2 2026.