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 |
|---|---|---|---|
| 9/13/2024 | $82.00 | Hold | Jefferies |
| 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 |
SCHEDULE 13G/A - NRG ENERGY, INC. (0001013871) (Subject)
10-Q - NRG ENERGY, INC. (0001013871) (Filer)
8-K - NRG ENERGY, INC. (0001013871) (Filer)
8-K - NRG ENERGY, INC. (0001013871) (Filer)
SCHEDULE 13G - NRG ENERGY, INC. (0001013871) (Subject)
8-K - NRG ENERGY, INC. (0001013871) (Filer)
8-K - NRG ENERGY, INC. (0001013871) (Filer)
8-K - NRG ENERGY, INC. (0001013871) (Filer)
10-Q - NRG ENERGY, INC. (0001013871) (Filer)
8-K - NRG ENERGY, INC. (0001013871) (Filer)
4 - NRG ENERGY, INC. (0001013871) (Issuer)
4 - NRG ENERGY, INC. (0001013871) (Issuer)
4 - NRG ENERGY, INC. (0001013871) (Issuer)
4 - NRG ENERGY, INC. (0001013871) (Issuer)
4 - NRG ENERGY, INC. (0001013871) (Issuer)
4 - NRG ENERGY, INC. (0001013871) (Issuer)
4 - NRG ENERGY, INC. (0001013871) (Issuer)
4 - NRG ENERGY, INC. (0001013871) (Issuer)
4 - NRG ENERGY, INC. (0001013871) (Issuer)
4 - NRG ENERGY, INC. (0001013871) (Issuer)
NRG Energy, Inc. (NYSE:NRG) celebrated some of its top energy customers today for their remarkable efforts in community, sustainability, and energy efficiency during the fifth annual Excellence in Energy Awards. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241114990189/en/NRG recognizes the achievements of its 2025 Excellence in Energy Award winners. (Graphic: Business Wire) These awards are more than accolades, but a testament to the forward-thinking leadership and innovation our customers demonstrate to help create a safer, smarter, and more sustainable tomorrow. "Our customers inspire us every day with their efforts to he
Strong third quarter 2024 financial and operating results; reaffirming recently raised 2024 guidance Increasing 2024 share repurchase plan to $925 million, and on target to achieve investment grade credit metrics by the end of 2024 Initiating 2025 financial guidance with long-term Adjusted Earnings per Share (Adjusted EPS) growth target of greater than 10% from raised 2024 guidance Announcing 2025 capital allocation with $1.355 billion of share repurchases; share repurchase authorization increased by $1 billion to $3.7 billion through 2025 Partnering with Renew Home and Google Cloud to create and operationalize 1 GW of Virtual Power Plant platform capacity in Texas New build: 415
NRG and Renew Home to Create a 1 GW Virtual Power Plant in Texas That Will Help Enhance Grid Resilience and Reduce Household Energy Costs Leveraging Google Cloud Technology NRG Energy Inc. (NYSE:NRG) today announced it is partnering with Renew Home, a leading virtual power plant (VPP) company to boost its residential VPP capabilities. Together, NRG and Renew Home aim to distribute hundreds of thousands of VPP-enabled smart thermostats by 2035 and create a nearly 1 GW AI-powered VPP – enabled by Google Cloud technology – to improve the Texas grid's resiliency and help households manage and lower their energy costs. This press release features multimedia. View the full release here: https://
NRG Energy, Inc. (NYSE:NRG) announced today the pricing terms of the previously announced offer to purchase for cash (the "Tender Offer") for any and all of the outstanding 6.75% senior secured notes due 2027 (the "Notes") issued by APX Group, Inc. ("APX"), a wholly-owned subsidiary of NRG. The Tender Offer is being made pursuant to the terms and subject to the conditions set forth in the offer to purchase and consent solicitation statement, dated October 15, 2024 (the "Offer to Purchase and Consent Solicitation Statement"). The total consideration to be paid for the Notes accepted for purchase was determined by reference to (i) the fixed spread for the Notes set forth in the table below a
NRG Energy, Inc. (NYSE:NRG) announced today the early results of its previously announced offer to exchange (the "Exchange Offer") any and all outstanding 5.75% Senior Notes due 2029 (the "Existing APX Unsecured Notes") issued by APX Group, Inc. ("APX") for new notes to be issued by NRG (the "New NRG Exchange Notes") and cash. In conjunction with the Exchange Offer, NRG is also soliciting consents (the "Consent Solicitation") to adopt certain proposed amendments to the indenture governing the Existing APX Unsecured Notes to eliminate substantially all of the restrictive covenants and certain affirmative covenants and events of default and related provisions therein (the "Proposed Amendment
NRG Energy, Inc. (NYSE:NRG) announced today the early results of the previously announced offer to purchase for cash (the "Tender Offer") for any and all of the outstanding 6.75% senior secured notes due 2027 (the "Notes") issued by APX Group, Inc. ("APX"), a wholly-owned subsidiary of NRG. In conjunction with the Tender Offer, APX is also soliciting consents (the "Consent Solicitation") to adopt certain proposed amendments to the indenture governing the Notes to (1) eliminate substantially all of the restrictive covenants and certain affirmative covenants and events of default and related provisions therein (the "Proposed Amendments") and (2) release all of the collateral securing the Not
NRG Energy, Inc. (NYSE:NRG) has priced its offering of $1,875 million in aggregate principal amount of senior unsecured notes, consisting of (i) $925 million aggregate principal amount of 6.00% senior notes due 2033 (the "2033 Notes") and (ii) $950 million aggregate principal amount of 6.25% senior notes due 2034 (the "2034 Notes" and, together with the 2033 Notes, the "Notes"). The aggregate principal amount of the offering was increased from the previously announced offering size of $1,500 million. The 2033 Notes mature on February 1, 2033 and the 2034 Notes mature on November 1, 2034. The offering of the Notes is expected to close on October 30, 2024, subject to customary closing condit
NRG Energy, Inc. (NYSE:NRG) announced the commencement of an offering of $1,500 million in aggregate principal amount of senior unsecured notes in two tranches, consisting of (i) senior notes due 2033 (the "2033 Notes") and (ii) senior notes due 2034 (the "2034 Notes" and, together with the 2033 Notes, the "Notes"). The Notes will be guaranteed by each of NRG's current and future subsidiaries that guarantee indebtedness under NRG's credit agreement. NRG intends to use the net proceeds from this offering, together with the net proceeds of its proposed new term loan B in an aggregate principal amount of $450 million and cash on hand, to pay the tender price of the previously announced tender
NRG Energy, Inc. (NYSE:NRG) announced today the commencement of an offer to exchange (the "Exchange Offer") any and all outstanding 5.75% Senior Notes due 2029 (the "Existing APX Unsecured Notes") issued by APX Group, Inc. ("APX") for new notes to be issued by NRG (the "New NRG Exchange Notes") and cash, as set forth in the table below. In conjunction with the Exchange Offer, NRG is also soliciting consents (the "Consent Solicitation") to adopt certain proposed amendments to the indenture governing the Existing APX Unsecured Notes to eliminate substantially all of the restrictive covenants and certain affirmative covenants and events of default and related provisions therein. The Exchange
NRG Energy, Inc. (NYSE:NRG) announced today that its wholly-owned subsidiary, APX Group, Inc. ("APX"), has commenced an offer to purchase for cash (the "Tender Offer") any and all of APX's outstanding 6.75% senior secured notes due 2027 (the "Notes"), of which $600 million aggregate principal amount is currently outstanding. In conjunction with the Tender Offer, APX is also soliciting consents (the "Consent Solicitation") to adopt certain proposed amendments to the indenture governing the Notes to (1) eliminate substantially all of the restrictive covenants and certain affirmative covenants and events of default and related provisions therein (the "Proposed Amendments") and (2) release all
Strong third quarter 2024 financial and operating results; reaffirming recently raised 2024 guidance Increasing 2024 share repurchase plan to $925 million, and on target to achieve investment grade credit metrics by the end of 2024 Initiating 2025 financial guidance with long-term Adjusted Earnings per Share (Adjusted EPS) growth target of greater than 10% from raised 2024 guidance Announcing 2025 capital allocation with $1.355 billion of share repurchases; share repurchase authorization increased by $1 billion to $3.7 billion through 2025 Partnering with Renew Home and Google Cloud to create and operationalize 1 GW of Virtual Power Plant platform capacity in Texas New build: 415
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 November 15, 2024, to stockholders of record as of November 1, 2024. About NRG NRG Energy, Inc. 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
NRG Energy, Inc. (NYSE:NRG) today increases its 2024 guidance as follows: Adjusted EBITDA guidance increased to $3,525 million - $3,675 million from $3,300 - $3,550 million, representing a midpoint increase of $175 million Free Cash Flow before Growth (FCFbG) guidance increased to $1,975 million - $2,125 million from $1,825 - $2,075 million, representing a midpoint increase of $100 million The revised guidance reflects the Company's robust financial and operational execution throughout the year. "It's an exciting time for our company," said Larry Coben, NRG Chair, President and Chief Executive Officer. "We are pleased to raise our financial guidance for the year, reflecting the stren
Strong second quarter financial and operating performance resulting in GAAP Net Income of $738 million and Adjusted EBITDA of $935 million Completed comprehensive preventative maintenance program for ERCOT fleet, well-prepared going into summer season and beyond Announcing agreement to sell Airtron HVAC business at an accretive multiple Submitted applications to Texas Energy Fund for 1.5 GW of shovel-ready generation capacity Continued to execute on liability management and capital allocation priorities, including open market share repurchases of $176 million year to date NRG Energy, Inc. (NYSE:NRG) today reported second quarter 2024 Net Income of $738 million. Adjusted EBIT
Appointment Taps Expertise of Proven Energy Industry Executive with Deep Knowledge of NRG to Propel Continued Business Momentum Across Integrated Energy/Smart Home Operating Platform NRG Energy, Inc. (NYSE:NRG) ("NRG" or the "Company") today announced the appointment of Lawrence Coben, Ph.D., as President and Chief Executive Officer. Dr. Coben has been serving as Interim Chief Executive Officer since November 20, 2023. He was appointed Chair of the NRG Board of Directors in 2017 and will continue as Chair of the Board as part of his new role. "NRG's outstanding results and significant shareholder returns since Larry's appointment as Interim CEO underscore his success in refining the str
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 August 15, 2024, to stockholders of record as of August 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 informat
NRG Energy, Inc. (NYSE:NRG) plans to report its Second Quarter 2024 financial results on Thursday, August 8, 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 Second 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 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
SC 13G/A - NRG ENERGY, INC. (0001013871) (Subject)
SC 13G/A - NRG ENERGY, INC. (0001013871) (Subject)
SC 13G/A - NRG ENERGY, INC. (0001013871) (Subject)
SC 13G/A - NRG ENERGY, INC. (0001013871) (Subject)
SC 13G/A - NRG ENERGY, INC. (0001013871) (Subject)
SC 13G/A - NRG ENERGY, INC. (0001013871) (Subject)
SC 13G/A - NRG ENERGY, INC. (0001013871) (Subject)
SC 13G/A - NRG ENERGY, INC. (0001013871) (Subject)
SC 13G/A - NRG ENERGY, INC. (0001013871) (Subject)
SC 13G/A - NRG ENERGY, INC. (0001013871) (Subject)
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 16.37%. Currently, NRG Energy has a market capitalization of $15.47 billion. Buying $100 In NRG: If an investor had bought $100 of NRG stock 5 years ago, it would be worth $215.11 today based on a price of $74.19 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
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.
Jefferies initiated coverage of NRG Energy with a rating of Hold and set a new price target of $82.00
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
Chris Schade appointed as Board ChairpersonLynne Parshall, Robert Plenge, M.D., Ph.D., and Nancy Simonian, M.D., appointed to Board of DirectorsCAMBRIDGE, Mass., July 17, 2024 /PRNewswire/ -- Alltrna, a Flagship Pioneering company unlocking transfer RNA (tRNA) biology and pioneering tRNA therapeutics to regulate the protein universe and resolve disease, today announced the appointment of Chris Schade, Growth Partner at Flagship Pioneering, as Chairperson of the Board, succeeding Noubar Afeyan, Ph.D., Co-Founder of Alltrna and Founder and CEO of Flagship Pioneering. In addition, Alltrna also announced the appointments to the company's Board of Directors of Lynne Parshall, founding Chief Opera
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