Reassessing The Changing Outlook For NRG Energy Inc. (NRG)

Currently, there are 208.13M common shares owned by the public and among those 203.37M shares have been available to trade.

The company’s stock has a 5-day price change of 7.53% and 34.83% over the past three months. NRG shares are trading 25.73% year to date (YTD), with the 12-month market performance up to 105.63% higher. It has a 12-month low price of $30.25 and touched a high of $64.81 over the same period. NRG has an average intraday trading volume of 3.49 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 13.49%, 19.54%, and 47.51% respectively.

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Institutional ownership of NRG Energy Inc. (NYSE: NRG) shares accounts for 110.72% of the company’s 208.13M shares outstanding.

It has a market capitalization of $13.52B and a beta (3y monthly) value of 1.09. The earnings-per-share (ttm) stands at -$0.92. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.30% over the week and 2.76% over the month.

Analysts forecast that NRG Energy Inc. (NRG) will achieve an EPS of $1.12 for the current quarter, $1.38 for the next quarter and $6.91 for 2025. The lowest estimate earnings-per-share for the quarter is $0.41 while analysts give the company a high EPS estimate of $1.84. Comparatively, EPS for the current quarter was -$5.82 a year ago. Earnings per share for the fiscal year are expected to decrease by -0.77%, and 19.64% over the next financial year.

Looking at the support for the NRG, a number of firms have released research notes about the stock. Wells Fargo stated their Overweight rating for the stock in a research note on January 23, 2024, with the firm’s price target at $65. UBS coverage for the NRG Energy Inc. (NRG) stock in a research note released on November 06, 2023 offered a Neutral rating with a price target of $46. Guggenheim was of a view on November 01, 2023 that the stock is Buy, while BofA Securities gave the stock Buy rating on March 20, 2023, issuing a price target of $35- $36. BofA Securities on their part issued Neutral rating on December 19, 2022.

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