In a report released yesterday, Julien Dumoulin Smith from Bank of America Securities maintained a Buy rating on NRG Energy (NRG – Research Report), with a price target of $46.00. The company’s shares closed yesterday at $39.19.
Dumoulin Smith covers the Utilities sector, focusing on stocks such as Hawaiian Electric, Consolidated Edison, and Vistra Energy. According to TipRanks, Dumoulin Smith has an average return of 3.0% and a 53.97% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for NRG Energy with a $44.25 average price target.
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NRG market cap is currently $8.85B and has a P/E ratio of -4.27.
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NRG Energy (NRG) Company Description:
NRG Energy, Inc. engages in the production, sale, and distribution of energy and energy services. It operates through the following segments: Generation, Retail, and Corporate. The Generation segment includes all power plant activities, domestic and international, as well as renewables. The Retail segment includes mass customers and business solutions, and other distributed and reliability products. The Corporate segment includes residential solar and electric vehicle services. The company was founded in 1989 and is headquartered in Princeton, NJ.
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