NRG Energy Inc (NRG) is Downgraded by BofA/Merrill to Neutral

NRG Energy Inc (NRG) was Downgraded by BofA/Merrill to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. BofA/Merrill advised their investors in a research report released on Nov 22, 2016.

Many Wall Street Analysts have commented on NRG Energy Inc. UBS Upgraded NRG Energy Inc on Nov 14, 2016 to ” Neutral”, Price Target of the shares are set at $12.NRG Energy Inc was Upgraded by Citigroup to ” Neutral” on Nov 7, 2016.

On the company’s financial health, NRG Energy Inc reported $1.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.28 according to the earnings call on Nov 4, 2016. Analyst had a consensus of $0.99. The company had revenue of $3952.00 million for the quarter, compared to analysts expectations of $4050.86 million. The company’s revenue was down -10.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.18 EPS.

NRG Energy Inc closed down -0.04 points or -0.36% at $11.21 with 28,20,404 shares getting traded on Monday. Post opening the session at $11.27, the shares hit an intraday low of $11.195 and an intraday high of $11.47 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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