Growth Story Still Intact For NRG Energy Inc. (NRG)

NRG Energy Inc. (NRG) concluded trading on Wednesday at a closing price of $72.01, with 5.37 million shares of worth about $386.44 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 91.67% during that period and on April 3, 2024 the price saw a gain of about 4.97%. Currently the company’s common shares owned by public are about 208.13M shares, out of which, 203.45M shares are available for trading.

Stock saw a price change of 9.30% in past 5 days and over the past one month there was a price change of 24.82%. Year-to-date (YTD), NRG shares are showing a performance of 39.28% which increased to 110.00% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $30.52 but also hit the highest price of $70.19 during that period. The average intraday trading volume for NRG Energy Inc. shares is 3.62 million. The stock is currently trading 11.18% above its 20-day simple moving average (SMA20), while that difference is up 24.41% for SMA50 and it goes to 56.84% higher than SMA200.

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NRG Energy Inc. (NYSE: NRG) currently have 208.13M outstanding shares and institutions hold larger chunk of about 105.36% of that.

The stock has a current market capitalization of $14.98B and its 3Y-monthly beta is at 1.13. It has posted earnings per share of -$0.92 in the same period. It has Quick Ratio of 0.96 while making debt-to-equity ratio of 3.78. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NRG, volatility over the week remained 3.30% while standing at 3.02% over the month.

Analysts are in expectations that NRG Energy Inc. (NRG) stock would likely to be making an EPS of $0.41 in the current quarter, while forecast for next quarter EPS is $2.02 and it is $6.24 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.41 which is $0.41 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$5.82 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -1.81% while it is estimated to increase by 16.00% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on January 23, 2024 offering an Overweight rating for the stock and assigned a target price of $65 to it. Coverage by UBS stated NRG Energy Inc. (NRG) stock as a Neutral in their note to investors on November 06, 2023, suggesting a price target of $46 for the stock. On November 01, 2023, Guggenheim Upgrade their recommendations, while on March 20, 2023, BofA Securities Upgrade their ratings for the stock with a price target of $36. Stock get a Neutral rating from BofA Securities on December 19, 2022.

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