NRG Energy Inc (NRG) Releases Earnings Results, Misses Expectations By $-0.01 EPS

NRG Energy Inc (NRG) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.24 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.25. The company posted revenue of $3229.00 million in the period, compared to analysts expectations of $3180.47 million. The company’s revenue was down -15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.37 EPS.

NRG Energy Inc opened for trading at $14.13 and hit $14.69 on the upside on Wednesday, eventually ending the session at $14.62, with a gain of 4.21% or 0.59 points. The heightened volatility saw the trading volume jump to 75,06,434 shares. Company has a market cap of $4,604 M.

In a different news, on Dec 10, 2015, Terry G Dallas (director) purchased 2,000 shares at $10.64 per share price. According to the SEC, on Dec 8, 2015, Walter R Jr Young (director) purchased 3,008 shares at $9.60 per share price. On Dec 7, 2015, Kirkland B Andrews (CFO) purchased 10,000 shares at $8.94 per share price, according to the Form-4 filing with the securities and exchange commission.

NRG Energy Inc. (NRG) is a power company that produces sells and delivers energy and energy products and services in power markets in the United States. NRG’s business segments are NRG Business NRG Home NRG Renew NRG Yield and corporate activities. NRG Business consists of NRG’s wholesale operations including plant operations commercial operations engineering procurement and construction (EPC) energy services and other related functions. NRG Home includes the Company’s NRG Home Retail and NRG Home Solar businesses. NRG Renew includes the Company’s solar and wind assets. NRG Yield includes NRG’s contracted generation assets. As of December 31 2014 NRG owned and operated approximately 52000 megawatts (MW) of generation; transacted in and traded fuel and transportation services and directly sold energy services and sustainable products and services to retail customers under the name NRG and other retail brand names owned by NRG.

NRG Energy Inc

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