NRG Energy, Inc., together with its subsidiaries, operates as an integrated power company in the United States. It operates through Texas, East, and West. The company is involved in the producing, selling, and delivering electricity and related products and services to 3.6 million residential, industrial, and commercial consumers. It generates electricity using natural gas, coal, oil, solar, nuclear, and battery storage. The company also provides system power, distributed generation, renewable products, backup generation, storage and distributed solar, demand response, energy efficiency, advisory, and on-site energy solutions; and carbon management and specialty services. In addition, it trades in electric power, natural gas, and related commodities; environmental products; weather products; and financial products, including forwards, futures, options, and swaps. Further, the company procures fuels; provides transportation services; and directly sells energy, services, and products and services to retail customers under the NRG, Reliant, Green Mountain Energy, Stream, XOOM Energy, and other brand names. As of December 31, 2020, it owns power generation portfolio with approximately 23,000 megawatts of capacity at 33 plants. NRG Energy, Inc. was founded in 1989 and is headquartered in Princeton, New Jersey.
IPO Year:
Exchange: NYSE
Website: nrg.com
Date | Price Target | Rating | Analyst |
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1/23/2024 | $65.00 | Overweight | Wells Fargo |
11/6/2023 | $33.00 → $46.00 | Sell → Neutral | UBS |
11/1/2023 | $50.00 | Neutral → Buy | Guggenheim |
3/20/2023 | $35.00 → $36.00 | Neutral → Buy | BofA Securities |
12/19/2022 | Underperform → Neutral | BofA Securities | |
12/9/2022 | $47.00 → $37.00 | Overweight → Equal-Weight | Morgan Stanley |
12/7/2022 | $42.00 → $30.00 | Neutral → Sell | UBS |
6/7/2022 | $42.00 | Neutral → Underperform | BofA Securities |
4/21/2022 | $47.00 → $43.00 | Buy → Neutral | BofA Securities |
1/5/2022 | $44.00 → $42.00 | Buy → Neutral | UBS |
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Wells Fargo initiated coverage of NRG Energy with a rating of Overweight and set a new price target of $65.00
UBS upgraded NRG Energy from Sell to Neutral and set a new price target of $46.00 from $33.00 previously
Guggenheim upgraded NRG Energy from Neutral to Buy and set a new price target of $50.00
BofA Securities upgraded NRG Energy from Neutral to Buy and set a new price target of $36.00 from $35.00 previously
BofA Securities upgraded NRG Energy from Underperform to Neutral
Morgan Stanley downgraded NRG Energy from Overweight to Equal-Weight and set a new price target of $37.00 from $47.00 previously
UBS downgraded NRG Energy from Neutral to Sell and set a new price target of $30.00 from $42.00 previously
BofA Securities downgraded NRG Energy from Neutral to Underperform and set a new price target of $42.00
BofA Securities downgraded NRG Energy from Buy to Neutral and set a new price target of $43.00 from $47.00 previously
UBS downgraded NRG Energy from Buy to Neutral and set a new price target of $42.00 from $44.00 previously
NRG Energy (NYSE:NRG) has outperformed the market over the past 5 years by 3.9% on an annualized basis producing an average annual return of 16.82%. Currently, NRG Energy has a market capitalization of $16.22 billion. Buying $100 In NRG: If an investor had bought $100 of NRG stock 5 years ago, it would be worth $215.24 today based on a price of $77.80 for NRG at the time of writing. NRG Energy's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed
While the broader market had its ups and downs in the first half of 2024, two utility stocks have defied expectations, delivering stellar returns and significantly outpacing their peers. The Utility sector, tracked by the SPDR Select Sector Fund – Utilities (NYSE:XLU), is up over 8% year-to-date, but Vistra Corp. (NYSE:VST) and Constellation Energy Corp. (NASDAQ:CEG) have soared to new heights, making them the standout performers in the sector. Vistra: A Shocking Surge Vistra has been the lightning bolt in the Utility sector, charging ahead with a jaw-dropping 123.03% gain so far this year. Vistra's performance has been nothing short of electrifying. The company, which holds a 2.68
NRG Energy's (NYSE:NRG) short percent of float has risen 11.8% since its last report. The company recently reported that it has 12.56 million shares sold short, which is 7.96% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.49 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
NRG Energy (NYSE:NRG) has outperformed the market over the past 5 years by 4.52% on an annualized basis producing an average annual return of 17.83%. Currently, NRG Energy has a market capitalization of $16.66 billion. Buying $100 In NRG: If an investor had bought $100 of NRG stock 5 years ago, it would be worth $227.24 today based on a price of $79.92 for NRG at the time of writing. NRG Energy's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewe
Three new shovel-ready projects totaling more than 1,600 megawatts that we believe are among the few that can be completed this decade. Timely approval will enable NRG to deliver essential, dispatchable generation to ERCOT as early as summer 2026.
Financial giants have made a conspicuous bearish move on NRG Energy. Our analysis of options history for NRG Energy (NYSE:NRG) revealed 11 unusual trades. Delving into the details, we found 27% of traders were bullish, while 72% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $449,103, and 3 were calls, valued at $430,660. What's The Price Target? Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $65.0 to $100.0 for NRG Energy over the last 3 months. Analyzing Volume & Open Interest Assessing the volume and open interest is a strategic step in options trading. These met
NRG Energy's (NYSE:NRG) short percent of float has risen 23.68% since its last report. The company recently reported that it has 9.64 million shares sold short, which is 6.11% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.15 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
NRG Energy (NYSE:NRG) has outperformed the market over the past 5 years by 4.61% on an annualized basis producing an average annual return of 17.77%. Currently, NRG Energy has a market capitalization of $16.45 billion. Buying $100 In NRG: If an investor had bought $100 of NRG stock 5 years ago, it would be worth $230.50 today based on a price of $78.93 for NRG at the time of writing. NRG Energy's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewe
Morgan Stanley analyst Stephen Byrd maintains NRG Energy (NYSE:NRG) with a Equal-Weight and raises the price target from $70 to $83.
Hedge funds made strategic adjustments to their portfolios throughout the first quarter of 2024. Firms are looking for high-return opportunities beyond the mega-cap tech giants preferring to focus on cyclical sectors and artificial intelligence (AI)-related infrastructure stocks. Except for Apple Inc (NASDAQ:AAPL), positions in several ‘Magnificent Seven’ stocks — Alphabet Inc (NASDAQ:GOOGL), Amazon.com Inc (NASDAQ:AMZN), Nvidia Corp (NASDAQ:NVDA), Microsoft Corp (NYSE:MSFT), and Meta Platforms Inc (NASDAQ:META) — were trimmed from hedge funds. Still, the strong performance of the so-called ‘Magnificent 7′ tech stocks maintained their weight at 13% of hedge fund long portfolios, acc
Three new shovel-ready projects totaling more than 1,600 megawatts that we believe are among the few that can be completed this decade. Timely approval will enable NRG to deliver essential, dispatchable generation to ERCOT as early as summer 2026. Today, NRG Energy Inc. (NYSE:NRG) submitted the first of three loan applications to the Texas Energy Fund (TEF) to develop the previously announced 1,600 megawatts (MW) (1.6 Gigawatts) of new quick-start natural gas power generation in the Electric Reliability Council of Texas (ERCOT). The TEF is administered by the Public Utility Commission of Texas (PUCT). This first application is for a new 721 MW natural gas combined cycle unit at NRG
Strong financial and operational performance in the first quarter of 2024 with GAAP Net Income of $511 million and Adjusted EBITDA of $849 million Diversified supply strategy performed well across all segments resulting in margin expansion in the East and West while mitigating the impacts of mild winter weather conditions in Texas Consumer Energy and Smart Home platforms increased customer counts year over year by 8% and 6%, respectively Concluded previously announced $950 million accelerated share repurchase program at an average price of $50.43 per share, and reaffirming 2024 capital allocation commitment of $825 million in additional share repurchases Advanced site preparati
NRG Energy, Inc. (NYSE:NRG) today announced that its Board of Directors declared a quarterly dividend on the Company's common stock of $0.4075 per share, or $1.63 per share on an annualized basis. The dividend is payable on May 15, 2024, to stockholders of record as of May 1, 2024. About NRG NRG Energy is a leading energy and home services company powered by people and our passion for a smarter, cleaner, and more connected future. A Fortune 500 company operating in the United States and Canada, NRG delivers innovative solutions that help people, organizations, and businesses achieve their goals while also advocating for competitive energy markets and customer choice. More information is a
NRG Energy, Inc. (NYSE:NRG) plans to report its First Quarter 2024 financial results on Tuesday, May 7, 2024. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST). The company will issue a press release regarding the First Quarter 2024 financial results prior to the conference call, and it will be available on the NRG website at www.nrg.com. The live webcast and presentation materials can be accessed at investors.nrg.com by clicking the "presentations and webcasts" link. A replay of the webcast will be available on the site for those unable to listen in real time. About NRG NRG Energy is a leading energy and home services company
NRG Energy, Inc. (NYSE:NRG) announced today that it has entered into separate, privately negotiated transactions with certain holders of its existing 2.75% convertible senior notes due 2048 (the "Convertible Notes") to repurchase approximately $251 million aggregate principal amount of the Convertible Notes. The Convertible Notes repurchases are expected to close over a period ending on or about April 18, 2024, subject to customary closing conditions. Following the closing of the repurchases, and after giving effect to approximately $92 million aggregate principal amount of Convertible Notes that the Company had previously repurchased, approximately $232 million aggregate principal amount o
NRG Energy Inc. (NYSE:NRG) today announced that Elizabeth Killinger has elected to retire from her role as Executive Vice President, NRG Home. Rasesh Patel has been named President, NRG Consumer, and will oversee the two separate business segments of Smart Home and Home Energy, effective immediately. Mrs. Killinger will remain with NRG as an advisor to the CEO until January 2025. "I want to thank Elizabeth for her leadership, service, and dedication to NRG for over 20 years. On behalf of the Board and the entire NRG team, we want to acknowledge her strong commitment to meeting the needs of our customers and employees, while positioning NRG for growth well into the future," said Larry Cobe
Exceeded revised guidance on Free Cash Flow before Growth and achieved high end of Adjusted EBITDA revised guidance Delivered exceptional operational performance through volatile summer and winter conditions Expanded margins and grew customer count in both the Energy and Smart Home portfolios Completed $300 million Direct Energy synergy program and approximately $40 million toward current $250 million cost savings program Ahead of pace on current $300 million growth program, with approximately $100 million realized to date Returned $1.5 billion to shareholders or approximately 17% of 2023 average market capitalization Paid down $1.52 billion of debt using $1.4 billion of
NRG Energy, Inc. (NYSE:NRG) today announced that its Board of Directors declared a quarterly dividend on the Company's common stock of $0.4075 per share, or $1.63 per share on an annualized basis. This dividend represents an 8% increase from the prior year, in line with the Company's previously announced annual dividend growth rate target of 7-9% per share. The dividend is payable on February 15, 2024, to stockholders of record as of February 1, 2024. About NRG NRG Energy is a leading energy and home services company powered by people and our passion for a smarter, cleaner, and more connected future. A Fortune 500 company operating in the United States and Canada, NRG delivers innovativ
NRG Energy, Inc. (NYSE:NRG) plans to report its full year and fourth quarter 2023 financial results on Wednesday, February 28, 2024. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST). The company will issue a press release regarding the full year and fourth quarter 2023 financial results prior to the conference call, and it will be available on the NRG website at www.nrg.com. The live webcast and presentation materials can be accessed at investors.nrg.com by clicking the "presentations and webcasts" link. A replay of the webcast will be available on the site for those unable to listen in real time. About NRG NRG Energy is a lea
LOS ANGELES, Jan. 16, 2024 /PRNewswire/ -- Platinum Equity announced today the signing of a definitive agreement to sell the Hunterstown power generation facility and related assets to LS Power. Financial terms were not disclosed. The transaction is expected to close in the second quarter of 2024. Located in Gettysburg, Pennsylvania, the Hunterstown facility is a combined-cycle gas turbine generating power plant that provides 810 MW to the PJM (Met-Ed) 500kV grid, with enough to supply more than 600,000 homes. "Hunterstown is an outstanding asset that has benefited from meaningful investment under our watch and has performed well operationally during our ownership," said Platinum Equity Co-
Strong financial and operational performance in the first quarter of 2024 with GAAP Net Income of $511 million and Adjusted EBITDA of $849 million Diversified supply strategy performed well across all segments resulting in margin expansion in the East and West while mitigating the impacts of mild winter weather conditions in Texas Consumer Energy and Smart Home platforms increased customer counts year over year by 8% and 6%, respectively Concluded previously announced $950 million accelerated share repurchase program at an average price of $50.43 per share, and reaffirming 2024 capital allocation commitment of $825 million in additional share repurchases Advanced site preparati
NRG Energy, Inc. (NYSE:NRG) today announced that its Board of Directors declared a quarterly dividend on the Company's common stock of $0.4075 per share, or $1.63 per share on an annualized basis. The dividend is payable on May 15, 2024, to stockholders of record as of May 1, 2024. About NRG NRG Energy is a leading energy and home services company powered by people and our passion for a smarter, cleaner, and more connected future. A Fortune 500 company operating in the United States and Canada, NRG delivers innovative solutions that help people, organizations, and businesses achieve their goals while also advocating for competitive energy markets and customer choice. More information is a
NRG Energy, Inc. (NYSE:NRG) plans to report its First Quarter 2024 financial results on Tuesday, May 7, 2024. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST). The company will issue a press release regarding the First Quarter 2024 financial results prior to the conference call, and it will be available on the NRG website at www.nrg.com. The live webcast and presentation materials can be accessed at investors.nrg.com by clicking the "presentations and webcasts" link. A replay of the webcast will be available on the site for those unable to listen in real time. About NRG NRG Energy is a leading energy and home services company
Exceeded revised guidance on Free Cash Flow before Growth and achieved high end of Adjusted EBITDA revised guidance Delivered exceptional operational performance through volatile summer and winter conditions Expanded margins and grew customer count in both the Energy and Smart Home portfolios Completed $300 million Direct Energy synergy program and approximately $40 million toward current $250 million cost savings program Ahead of pace on current $300 million growth program, with approximately $100 million realized to date Returned $1.5 billion to shareholders or approximately 17% of 2023 average market capitalization Paid down $1.52 billion of debt using $1.4 billion of
NRG Energy, Inc. (NYSE:NRG) today announced that its Board of Directors declared a quarterly dividend on the Company's common stock of $0.4075 per share, or $1.63 per share on an annualized basis. This dividend represents an 8% increase from the prior year, in line with the Company's previously announced annual dividend growth rate target of 7-9% per share. The dividend is payable on February 15, 2024, to stockholders of record as of February 1, 2024. About NRG NRG Energy is a leading energy and home services company powered by people and our passion for a smarter, cleaner, and more connected future. A Fortune 500 company operating in the United States and Canada, NRG delivers innovativ
NRG Energy, Inc. (NYSE:NRG) plans to report its full year and fourth quarter 2023 financial results on Wednesday, February 28, 2024. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST). The company will issue a press release regarding the full year and fourth quarter 2023 financial results prior to the conference call, and it will be available on the NRG website at www.nrg.com. The live webcast and presentation materials can be accessed at investors.nrg.com by clicking the "presentations and webcasts" link. A replay of the webcast will be available on the site for those unable to listen in real time. About NRG NRG Energy is a lea
Increases 2023 Share Repurchases to $1.15 Billion Increases 2023 Guidance Initiates Strong 2024 Financial Guidance Above 2023 Investor Day Plan Solid third quarter performance with GAAP Net Income of $343 million and Adjusted EBITDA of $973 million; increasing mid-point of 2023 Adjusted EBITDA guidance by $95 million Completed sale of STP for $1.75 billion Increasing 2023 share repurchase allocation by 15% to $1.15 billion; executed $200 million of share repurchases to date and expect to complete the remaining $950 million through new accelerated share repurchase program On track to achieve 2023 debt reduction target of $1.4 billion; executed $800 million of debt reduction t
NRG Energy, Inc. (NYSE:NRG) plans to report its Third Quarter 2023 financial results on Thursday, November 2, 2023. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST). A live webcast and presentation materials can be accessed through the investor relations website under "presentations and webcasts" at investors.nrg.com. The webcast will be archived on the site for those unable to listen in real time. About NRG NRG Energy is a leading energy and home services company powered by people and our passion for a smarter, cleaner, and more connected future. A Fortune 500 company operating in the United States and Canada, NRG delivers inno
NRG Energy, Inc. (NYSE:NRG) today announced that its Board of Directors declared a quarterly dividend on the Company's common stock of $0.3775 per share, or $1.51 per share on an annualized basis. The dividend is payable on November 15, 2023, to stockholders of record as of November 1, 2023. About NRG NRG Energy is a leading energy and home services company powered by people and our passion for a smarter, cleaner, and more connected future. A Fortune 500 company operating in the United States and Canada, NRG delivers innovative solutions that help people, organizations, and businesses achieve their goals while also advocating for competitive energy markets and customer choice. More info
Strong second quarter performance resulted in GAAP Net Income of $308 million and Adjusted EBITDA of $819 million Energy business benefited from customer growth, strong plant operations, diversified supply strategy and favorable market conditions Vivint Smart Home segment increased second quarter revenue by 12%1 , surpassed 2 million customers, and delivered impressive monthly recurring service margin Completed $200 million in debt reduction and $50 million in share repurchases through July Increasing 2023 growth contribution target to $60 million from $30 million NRG Energy, Inc. (NYSE:NRG) today reported second quarter 2023 results. "NRG had a solid second quarter with s
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NRG Chair Lawrence Coben Appointed Interim President and Chief Executive Officer Board Initiates Search for Permanent CEO NRG Director Anne Schaumburg Appointed Lead Independent Director Four New Independent Directors to Join NRG Board as Part of Collaboration with Elliott NRG Reaffirms its Previous Guidance, Capital Allocation Framework and Growth and Cost Savings Targets NRG Energy, Inc. (NYSE:NRG) ("NRG" or the "Company") today announced that Lawrence Coben, Ph.D., Chair of the NRG Board of Directors, has been appointed Interim President and Chief Executive Officer and that Mauricio Gutierrez, NRG's President and Chief Executive Officer, has departed the Company and resigned fr
Helmerich & Payne, Inc. (NYSE:HP) today announced that Elizabeth Killinger was appointed to the Company's Board of Directors. Killinger is currently Executive Vice President, NRG Home, a division of NRG Energy, Inc. (NYSE:NRG), which provides residential power and gas services to millions of customers through multiple brands and channels in the United States and Canada. She has over 30 years of domestic and international experience in the energy and services industries, including 20 years with NRG and its predecessors. Prior to joining NRG, Killinger spent a decade providing strategy, management and systems consulting to energy, oilfield services and retail distribution companies across t
Strategic Step to Catalyze Long-Duration Energy Storage Sector Malta Inc., a leading innovator of grid-scale, long-duration energy storage (LDES), announced today the appointment of energy and finance veteran Alexandra ("Alie") Pruner to the position of Board Chair. This appointment makes Malta Inc. the only LDES company with women serving at the highest leadership levels of CEO and Board Chair. Pruner joins Malta with a wealth of experience in both the energy and finance fields. She currently serves as an independent director on the boards of NRG Energy, Inc. (NYSE:NRG) and Plains All American (NASDAQ:PAA, PAGP))) and as the Board Chair of Encino Acquisition Partners. A founding partner
Triccar, Inc proudly announces the appointment of Channing F. Chen as its Chief Financial OfficerBOISE, ID / ACCESSWIRE / January 24, 2022 / Triccar, Inc. (OTCQB:TCCR) ("TRICCAR" or the "Company"), a data-driven platform designed for commercial and industrial real estate owners seeking to significantly improve net operating income while meeting carbon reduction goals, announces today the appointment of Channing F. Chen as its new Chief Financial Officer.Mr. Chen will report directly to the President and CEO of the Company, Todd Michaels, and is charged with company financial management with an emphasis on implementing and designing company processes to assist in future growth in addition to
Winter Storm Uri expected net impact of $500 to $700 million Reinstating 2021 Adjusted EBITDA and FCFbG guidance Announced appointment of Alberto Fornaro as Executive Vice President and Chief Financial Officer Designated Houston, TX as sole Corporate Headquarters NRG Energy, Inc. (NYSE:NRG) today reported a first quarter 2021 net loss of $(82) million, or $(0.33) per diluted common share and Adjusted EBITDA for the first quarter of $567 million. "NRG is committed to helping Texans recover from the impacts of Winter Storm Uri and working with our stakeholders on lasting solutions to improve resilience in the ERCOT market," said Mauricio Gutierrez, NRG President and Chief Executive
NRG Energy, Inc. (NYSE:NRG) today announced the appointment of Alberto Fornaro as Executive Vice President and Chief Financial Officer of the Company, effective June 1, 2021. Mr. Fornaro will be succeeding Gaetan Frotte, who has been serving as interim CFO in addition to his responsibilities as SVP and Treasurer since February 4, 2021. "Alberto is a seasoned finance expert, bringing over 30 years of experience and a unique combination of consumer, technology, manufacturing, and risk management experience. I'm thrilled to see Alberto join NRG where his leadership can help advance our strategic priorities," said Mauricio Gutierrez, President and CEO, NRG Energy. "As we prepare for a seamless
PRINCETON, N.J.--(BUSINESS WIRE)--NRG Energy Inc. (NYSE:NRG) completed the acquisition of Direct Energy from Centrica plc effective today, further cementing NRG’s status as the leading, customer-focused integrated energy and services provider. Direct Energy adds over three million customers across North America to NRG’s leading retail portfolio, growing the company’s reach and size. “The acquisition of Direct Energy further perfects our integrated model by enhancing the way we serve customers with additional products and services,” said Mauricio Gutierrez, NRG President and Chief Executive Officer. “I want to welcome Direct Energy employees into the NRG family as we embark on thi