In a report released on March 1, Ryan Levine from Citi maintained a Buy rating on NRG Energy (NRG – Research Report), with a price target of $62.00. The company’s shares closed last Friday at $56.71.
Levine covers the Utilities sector, focusing on stocks such as Eversource Energy, Southern Co, and NextEra Energy. According to TipRanks, Levine has an average return of 4.1% and a 55.00% success rate on recommended stocks.
In addition to Citi, NRG Energy also received a Buy from Wells Fargo’s Neil Kalton in a report issued on February 28. However, on the same day, BMO Capital reiterated a Hold rating on NRG Energy (NYSE: NRG).
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Based on NRG Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $7.95 billion and a net profit of $326 million. In comparison, last year the company earned a revenue of $8.51 billion and had a net profit of $67 million
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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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