NRG Energy (NRG): Price Target and June Short Interest Disclosure

NRG Energy (NRG) : 8 Wall Street analysts covering NRG Energy (NRG) believe that the average level the stock could reach for the short term is $18.5. The maximum price target given is $26 and the minimum target for short term is around $13, hence the standard deviation is calculated at $3.85.

The short interest in NRG Energy (NRG) has increased from 16,906,311 on June 15,2016 to 18,313,441 on June 30,2016. The change was measured at 1,407,130 shares or 8.3%. The leftover shorts were 5.9% of the floated shares. The days to cover are 3, given the average daily volume of 5,429,571 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Citigroup maintains their rating on the shares of NRG Energy (NYSE:NRG). The current rating of the shares is Sell. Equity Analysts at the Firm raises the price target to $14 per share from $13 per share. The rating by the firm was issued on June 10, 2016.


NRG Energy (NYSE:NRG): On Thursdays trading session , Opening price of the stock was $15.61 with an intraday high of $16.02. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $15.29. However, the stock managed to close at $15.31, a loss of 3.53% for the day. On the previous day, the stock had closed at $15.87. The total traded volume of the day was 5,740,040 shares.

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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