NRG Energy Inc (NRG) is Downgraded by UBS to Sell, Price Target at $16

NRG Energy Inc (NRG) was Downgraded by UBS to ” Sell” and the brokerage firm has set the Price Target at $16. Earlier the firm had a rating of “Buy ” on the company shares. UBS advised their investors in a research report released on Jun 9, 2016.

On the company’s financial health, NRG Energy Inc reported $0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.25. The company had revenue of $3229.00 million for the quarter, 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 $17.81 and hit $18 on the upside on Tuesday, eventually ending the session at $17.9, with a gain of 0.17% or 0.03 points. The heightened volatility saw the trading volume jump to 63,20,116 shares. Company has a market cap of $5,637 M.

In a different news, on Jun 3, 2016, Thomas H Weidemeyer (director) sold 3,182 shares at $17.24 per share price. According to the SEC, on May 24, 2016, David Callen (SVP, Chief Accounting Offficer) sold 1,968 shares at $15.51 per share price. On Dec 10, 2015, Terry G Dallas (director) purchased 2,000 shares at $10.64 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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NRG Energy Inc - Is it time to Sell?

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