Analyst Rating Update on NRG Energy (NRG)

NRG Energy (NRG) : The consensus on NRG Energy (NRG) based on 7 analyst recommendation on the company stock is 1.93, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

NRG Energy (NRG) : The consensus price target for NRG Energy (NRG) is $18.38 for the short term with a standard deviation of $3.81. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $25, however, the pessimist price target for the company is $13.

For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Citigroup maintains its rating on NRG Energy (NYSE:NRG).The analysts at the brokerage house have a current rating of Sell on the shares. In a recent information released to the investors, Citigroup raises the new price target from $13 per share to $14 per share. The rating by the firm was issued on June 10, 2016.


NRG Energy (NYSE:NRG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.80 and $13.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.14, notching a gain of 2.69% for the day. The total traded volume was 3,950,898 . The stock had closed at $13.77 on the previous day.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.