Stocks of NRG Energy Inc (NYSE:NRG) traded higher last session on Wall Street, up 4.40% to $105.00.
NRG stock price is now 7.42% away from the 50-day moving average and 22.65% away from the 200-day moving average. The market capitalization of the company currently stands at $21.27B.
With the price target enhanced from $74 to $126, Evercore ISI Upgraded its rating from In-line to Outperform for NRG Energy Inc (NYSE: NRG). On November 26, 2024, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $93 to quote $113, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Chung Bruce, EVP & CFO sold 20,000 shares of the company’s stock on Jan 13 ’25. The stock was sold for $1,952,600 at an average price of $97.63. Upon completion of the transaction, the EVP & CFO now directly owns 69,454 shares in the company, valued at $7.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 13 ’25, Officer WOO-SUNG CHUNG bought 20,000 shares of the business’s stock. A total of $1,952,618 was incurred on buying the stock at an average price of $97.63. A total of 2.21% of the company’s stock is owned by insiders.
During the past 12 months, NRG Energy Inc has had a low of $51.26 and a high of $115.38. As of last week, the company has a debt-to-equity ratio of 4.32, a current ratio of 1.17, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $31725469696, which is based on a 25.43 price-to-earnings ratio, a 2.50 price-to-earnings-growth ratio, and a beta of 1.14. The fifty day moving average price for NRG is $97.484 and a two-hundred day moving average price translates $85.45735 for the stock.
The latest earnings results from NRG Energy Inc (NYSE: NRG) was released for 2024-09-30. The net profit margin was 3.20% and return on equity was 31.93% for NRG. The company reported revenue of $7.22 billion for the quarter, compared to $7.95 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.1 percent.
