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On CNBC's "Mad Money Lightning Round," Jim Cramer said he likes NRG Energy, Inc. NRG, adding that it's a "very good" utility. Lending support to his choice, Goldman Sachs analyst Carly Davenport initiated coverage on NRG Energy with a Buy rating and announced a price target of $129. "You can't own it like you used to, meaning you have to trim, and I said I'm going to have to sell some," Cramer said when asked about NVIDIA Corporation NVDA. "It's a different world." On Tuesday, Nvidia said it would take a $5 ...

Core Insights - David Tepper, a prominent hedge fund manager, is strategically adjusting his portfolio in the AI sector, showing a preference for Chinese companies over U.S. counterparts [1][5]. Group 1: Portfolio Adjustments - Tepper reduced his stakes in Amazon and Meta by nearly 19% and 21.6% respectively in Q4 2024 [3]. - Conversely, he increased his investment in Alibaba by 18.4% and acquired approximately 3.17 million additional shares of JD.com, raising his position by nearly 43.4% [4]. Group 2: Energy Sector Investments - Tepper significantly increased his holdings in Vistra and NRG Energy, boosting his stake in Vistra by 112.5% and in NRG Energy by 81.5% [6]. - Vistra is a leading integrated power provider in the U.S., serving around 5 million customers across 18 states, while NRG Energy provides energy to approximately 8 million residential customers and operates in 25 U.S. states and Canada [6][7]. Group 3: AI Growth Drivers - The investments in Vistra and NRG Energy are linked to the growth of data centers, which are crucial for AI development [7]. - U.S. energy demand for data centers is projected to nearly quadruple to 55 gigawatts by 2030, with Texas identified as the fastest-growing power market [8]. Group 4: Valuation and Growth Prospects - Both Vistra and NRG Energy have seen significant stock sell-offs, leading to attractive valuations, with Vistra's forward price-to-earnings ratio at 16.3 and NRG Energy at 12.8 [10]. - The demand for power is expected to rise due to the construction of new data centers, indicating strong growth prospects for these companies [11].

It has been about a month since the last earnings report for NRG Energy (NRG) . Shares have lost about 8.9% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is NRG due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?It turns out, ...

NRG Energy (NRG) announced that it has entered into a definitive agreement to acquire six power generation facilities from Texas-based Rockland Capital, LLC, adding 738 megawatts (MW) of modern, flexible natural gas-fired capacity to its portfolio.An Insight Into NRG’s AgreementThe acquisition is subject to Hart-Scott-Rodino regulatory approval and is expected to close in the second quarter of 2025.NRG Energy is acquiring these assets for $560 million or $760 per kilowatt, significantly below the cost of ne ...

Core Insights - NRG Energy is identified as a promising long-term growth opportunity in the Utilities sector, with significant revenue and EPS growth over the past three years [1] - The company has achieved a compound annual growth rate (CAGR) of 8.7% for revenue and 12.1% for EPS during this period [1] Company Performance - NRG Energy's revenue growth over the last three years stands at 8.7% CAGR [1] - The company's earnings per share (EPS) have experienced a 12.1% CAGR in the same timeframe [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year ended December 31, 2024. ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from to . Commission file No. 001-15891 NRG Energy, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organizatio ...

Financial Data and Key Metrics Changes - NRG Energy reported an adjusted EPS of $6.83, exceeding the midpoint of the increased guidance range by 8% and representing a 45% increase from $4.72 in 2023 [11][50] - The company achieved record adjusted EBITDA of $3.8 billion, an increase of $470 million over 2023, and delivered $1.4 billion in adjusted net income and $2.1 billion in free cash flow before growth, all exceeding guidance ranges [52][53] - Free cash flow before growth per share was $10.36, reflecting a 12% increase over 2023 [57] Business Line Data and Key Metrics Changes - The East and West segments benefited from expanded power and natural gas margins, with the East segment also seeing increased customer accounts [53] - The Smart Home segment achieved a 5% increase in net subscriber counts, with a recurring monthly service margin of 83% and nearly 90% customer retention, marking an all-time high [56] Market Data and Key Metrics Changes - ERCOT's large load interconnection forecast expanded by 30%, reinforcing Texas as the fastest-growing power market in the U.S. [26] - The power demand is rising significantly, driven by industrial expansion and data center development, with competitive markets seeing over 90% of planned capacity additions consisting of renewable resources [29][30] Company Strategy and Development Direction - NRG aims for at least 10% EPS CAGR growth through 2029, supported by a base plan of $750 million in run rate adjusted EBITDA growth and $8.8 billion of capital returned to shareholders over the next five years [9][20] - The company is focusing on strategic partnerships to accelerate natural gas generation development and has signed multiple letters of intent with data center developers [10][42] - NRG is advancing its 1.5 gigawatts of brownfield development projects in Texas, with significant progress on shovel-ready projects [15][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to capture opportunities in a tightening power market, with rising power prices benefiting existing generation [46][124] - The management highlighted the importance of legislative developments in Texas, viewing them as positive for the market and data center development [101][102] Other Important Information - NRG returned $1.3 billion to shareholders in 2024, increased its dividend by 8%, and achieved investment-grade credit metrics a year ahead of schedule [18][59] - The company is planning $1.3 billion in share repurchases for 2025, with over $170 million already executed year to date [61] Q&A Session Summary Question: How does the latest announcement position and signal on future opportunities on data centers? - Management indicated that development timelines are not fixed and updates will be provided as projects progress, with expectations for plants in service by 2026, 2028, and 2029 [72][73] Question: Can you confirm the venture to develop the 5.4 gigawatts by 2032? - Management confirmed that the majority of the new capacity will be contracted, minimizing merchant risk [85] Question: Can you clarify the letter of intent with developers? - The developers are securing agreements for new data centers, which will create additional demand rather than relying on existing assets [97] Question: How do you see the legislative session in Texas impacting your discussions? - Management views recent legislative actions as positive, providing clarity on costs for data centers and ensuring fair allocation of expenses [101][102] Question: What is the structure of contracts for new gas plants? - Contracts will vary by customer, with options for locking prices for different durations, and management is confident in managing gas exposure through their established platform [108][110] Question: Are you detecting any hesitation around data center demand? - Management reported increased interest from data center operators, with many looking to lock in power agreements due to anticipated demand growth [154]

NRG Energy, Inc. (NRG) reported fourth-quarter 2024 earnings of $1.52 per share, which surpassed the Zacks Consensus Estimate of 95 cents by 60%. The bottom line also increased 33.3% from the year-ago quarter’s figure of $1.14.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of NRG EnergyTotal revenues were $6.82 billion, which beat the Zacks Consensus Estimate of $6.06 billion by 12.6%. The top line also increased 0.1% from the prior-year quarter’s level of $6.81 billion.Full ...

NRG Energy (NRG) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $1.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 60%. A quarter ago, it was expected that this power company would post earnings of $2.05 per share when it actually produced earnings of $1.85, delivering a surprise of -9.76%.Over the last four quarters, the company has ...