In a report released today, Neil Kalton from Wells Fargo assigned a Buy rating to NRG Energy (NRG – Research Report), with a price target of $110.00. The company’s shares closed yesterday at $82.08.
According to TipRanks, Kalton is a 5-star analyst with an average return of 8.0% and a 64.29% success rate. Kalton covers the Utilities sector, focusing on stocks such as NextEra Energy, NRG Energy, and PPL.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NRG Energy with a $78.67 average price target.
NRG market cap is currently $17.11B and has a P/E ratio of 11.39.
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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.
