Price Target Update on NRG Energy (NYSE:NRG)

NRG Energy (NYSE:NRG) : The consensus price target for NRG Energy (NYSE:NRG) is $18.63 for the short term with a standard deviation of $3.66. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $26, however, the pessimist price target for the company is $14.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of NRG Energy (NYSE:NRG). Citigroup has a Sell rating on the shares. As per the latest research report, the brokerage house raises the price target to $14 per share from a prior target of $13. The rating by the firm was issued on June 10, 2016.

NRG Energy (NYSE:NRG): stock turned positive on Thursday. Though the stock opened at $14.27, the bulls momentum made the stock top out at $14.55 level for the day. The stock recorded a low of $14.21 and closed the trading day at $14.53, in the green by 2.76%. The total traded volume for the day was 3,186,628. The stock had closed at $14.14 in the previous days trading.

The company shares have dropped -41.95% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $24.96 and the one year low was seen on Dec 7, 2015. The 50-Day Moving Average price is $15.66 and the 200 Day Moving Average price is recorded at $12.77. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Weidemeyer Thomas H, director of Nrg Energy, Inc., had unloaded 3,182 shares at an average price of $17.24 in a transaction dated on June 3, 2016. The total value of the transaction was worth $54,858.

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. NRGs business segments are NRG Business, NRG Home, NRG Renew, NRG Yield and corporate activities. NRG Business consists of NRGs wholesale operations, including plant operations, commercial operations, engineering, procurement and construction (EPC), energy services and other related functions. NRG Home includes the Companys NRG Home Retail and NRG Home Solar businesses. NRG Renew includes the Companys solar and wind assets. NRG Yield includes NRGs contracted generation assets. As of December 31, 2014, NRG owned and operated approximately 52,000 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.

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