Large Cap
Independent Power Producers
Stocks Ranked by
Market Capitalization
| Name | Market cap | Price |
Price change % |
|
|---|---|---|---|---|
1
Constellation Energy
CEG
$84.9B
| $84.9B | $249.95 | 4.3% |
|
2
Vistra
VST
$37.9B
| $37.9B | $124.80 | 10.6% |
|
3
NRG Energy
NRG
$16.9B
| $16.9B | $88.29 | 9.61% |
|
4
Talen Energy Corp
TLN
$13.8B
| $13.8B | $338.64 | 7.09% |
|
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 $153B.
The largest by market cap are Constellation Energy (CEG) at $84.9B, Vistra (VST) at $37.9B and NRG Energy (NRG) at $16.9B.
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 91 (6.9%) quarter-over-quarter.
- Combined market cap: $153B across 4 stocks.
- Large Cap: market cap between $10B and $200B.
- Largest constituent: Constellation Energy (CEG), $84.9B market cap.
- Most net new fund positions in Q2 2026: Vistra (VST), +91 holders.
Market caps and prices updated daily; fund activity based on aggregated SEC 13F filings for Q2 2026.