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Goldman Sachs has initiated coverage of NRG Energy (LSE:0K4C) with a Buy recommendation, projecting a 39.70% upside based on an average one-year price target of 121.45 GBX/share. The company's projected annual revenue is 30,796MM, reflecting a 9.48% increase, while the annual non-GAAP EPS is estimated at 7.04. Institutional ownership has risen by 6.07% in the last quarter, with notable changes in portfolio allocations among major shareholders.
Citigroup has raised its price target on NRG Energy, Inc. to $133 from $100 while maintaining a Buy rating. NRG specializes in the production and distribution of electricity and natural gas, with net sales primarily derived from these activities, accounting for 93.1% of its revenue. In 2024, the company is expected to sell 154,448 GWh of electricity and 51.9 billion cubic meters of natural gas.
U.S. equities rebounded at midday, buoyed by optimism for nuclear energy and Tesla's recovery from disappointing delivery numbers. Vistra, NRG Energy, and Constellation Energy surged due to rising electricity demand for AI data centers, while U.S. Steel shares fell after President Biden blocked Nippon Steel's takeover on national security grounds. Alcohol stocks declined following health warnings about drinking and cancer.
NRG Energy Inc. is collaborating with Renew Home LLC to distribute approximately 650,000 AI-enabled thermostats utilizing Google Cloud technology in Texas over the next decade. This initiative aims to reduce electricity demand by nearly 1 gigawatt, sufficient to power 200,000 homes and alleviate stress on the state's electrical grid during peak summer usage.
NRG Energy, Inc.
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Goldman Sachs recommends buy for NRG Energy with significant price upside
10:06 05.04.2025
Citigroup raises NRG Energy price target to 133 maintains buy rating
11:17 28.03.2025
us equities rebound as nuclear energy demand boosts stocks and tesla recovers
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17:50 03.01.2025
ai thermostats to ease texas grid strain with nrg energy partnership
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