Large Cap
Independent Power Producers
Stocks Ranked by
Market Capitalization
| Name | Market cap | Price |
Price change % |
|
|---|---|---|---|---|
1
Constellation Energy
CEG
$98.6B
| $98.6B | $278.42 | 1.82% |
|
2
Vistra
VST
$46.7B
| $46.7B | $139.03 | 2.48% |
|
3
NRG Energy
NRG
$23.9B
| $23.9B | $113.61 | 1.64% |
|
|
TLN
4
Talen Energy Corp
TLN
$14.7B
| $14.7B | $307.67 | 0.7% |
|
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 $184B.
The largest by market cap are Constellation Energy (CEG) at $98.6B, Vistra (VST) at $46.7B and NRG Energy (NRG) at $23.9B.
Among institutional investors, Vistra (VST) drew the most net new fund positions in Q2 2026: 227 funds opened new positions, taking total fund holders up 86 (6.5%) quarter-over-quarter.
- Combined market cap: $184B across 4 stocks.
- Large Cap: market cap between $10B and $200B.
- Largest constituent: Constellation Energy (CEG), $98.6B market cap.
- Most net new fund positions in Q2 2026: Vistra (VST), +86 holders.
Market caps and prices updated daily; fund activity based on aggregated SEC 13F filings for Q2 2026.