In yesterday’s Wall Street session, NRG Energy Inc. (NYSE:NRG) shares traded at $63.39, up 1.52% from the previous session.
NRG stock price is now 17.64% away from the 50-day moving average and 44.83% away from the 200-day moving average. The market capitalization of the company currently stands at $13.19B.
With the price target of $65, Wells Fargo recently initiated with Overweight rating for NRG Energy Inc. (NYSE: NRG). On November 06, 2023, UBS Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock increasing its target price from $33 to quote $46, while ‘Guggenheim’ rates the stock as ‘Buy’
A total of 2.23% of the company’s stock is owned by insiders.
During the past 12 months, NRG Energy Inc. has had a low of $30.25 and a high of $63.67. As of last week, the company has a debt-to-equity ratio of 3.78, a current ratio of 1.02, and a quick ratio of 0.96. The fifty day moving average price for NRG is $54.13 and a two-hundred day moving average price translates $43.92 for the stock.
The latest earnings results from NRG Energy Inc. (NYSE: NRG) was released for Dec, 2023. According to the Utilities – Independent Power Producers Company, earnings per share came in at $2.02, missing analysts’ expectations of $3.01 by -0.99. This compares to -$4.45 EPS in the same period last year. The net profit margin was -0.90% and return on equity was -6.00% for NRG. The company reported revenue of $6.81 billion for the quarter, compared to $7.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.34 percent. For the current quarter, analysts expect NRG to generate $7.81B in revenue.
NRG Energy Inc.(NRG) Company Profile
NRG Energy, Inc., together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions. It offers retail electricity and energy management, line and surge protection products, HVAC installation, repair and maintenance, home protection products, carbon offsets, back-up power stations, portable power, portable solar, and portable lighting; retail services comprising demand response, commodity sales, energy efficiency, and energy management solutions; and system power, distributed generation, renewable and low-carbon products, carbon management and specialty services, backup generation, storage and distributed solar, and energy advisory services. In addition, the company trades in power, natural gas, and related commodities; environmental products; weather products; and financial products, including forwards, futures, options, and swaps. It offers its products and services under the NRG, Reliant, Direct Energy, Green Mountain Energy, and Vivint. It serves residential, commercial, government, industrial, and wholesale customers. NRG Energy, Inc. was founded in 1989 and is headquartered in Houston, Texas.
