{
  "disclaimer": "Goldirham Insight: educational research, not financial advice. Scores are editorial opinions, not forecasts. Simulated prices are illustrations, not market data.",
  "rows": [
    {
      "symbol": "VST",
      "name": "Vistra",
      "theme": "Hybrid nuclear + gas + trading optionality",
      "upside": 8.5,
      "safety": 7,
      "ai_exposure": 9,
      "review_status": "unreviewed",
      "reviewed_by": null,
      "reviewed_at": null,
      "review_sources": null,
      "thesis": "Merchant power with leveraged exposure to PJM and Texas AI load growth.",
      "why_it_could_work": "Direct beneficiary of grid scarcity pricing | Optionality = pricing spikes in tight power markets | Heavy exposure to PJM + Texas (ERCOT) AI load growth | Merchant power model captures upside contracted peers give away",
      "key_risks": "Merchant exposure cuts both ways — weak power prices hurt | Higher beta and sharper drawdowns than regulated peers | Commodity and weather sensitivity",
      "cycle_stage": "Partially priced in but still cyclical → opportunity exists."
    }
  ]
}