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Brokers Suggest Investing in NRG (NRG): Read This Before Placing a Bet
ZACKS· 2024-07-08 17:56
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? NRG currently has an average brokerage recommendation (ABR) of 2.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by eight brokerage firms. An ABR of 2.0 ...
NRG Energy (NRG) Stock Sinks As Market Gains: Here's Why
ZACKS· 2024-06-27 23:06
NRG Energy (NRG) closed the most recent trading day at $78.66, moving -1.08% from the previous trading session. This change lagged the S&P 500's 0.09% gain on the day. On the other hand, the Dow registered a gain of 0.09%, and the technology-centric Nasdaq increased by 0.3%. Investors will be eagerly watching for the performance of NRG Energy in its upcoming earnings disclosure. In that report, analysts expect NRG Energy to post earnings of $1.38 per share. This would mark year-over-year growth of 25.45%. O ...
Wall Street Bulls Look Optimistic About NRG (NRG): Should You Buy?
ZACKS· 2024-06-12 14:31
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Let's take a look at what these Wall Street heavyweights have to say about NRG Energy (NRG) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. NRG currently has an average b ...
Why Is NRG (NRG) Up 7.6% Since Last Earnings Report?
ZACKS· 2024-06-06 16:35
A month has gone by since the last earnings report for NRG Energy (NRG) . Shares have added about 7.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is NRG due for a pullback? 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. NRG Energy Q1 Earnings Beat Estimates, Sales Decline Y/Y NRG ...
NRG(NRG) - 2024 Q1 - Quarterly Report
2024-05-07 19:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended: March 31, 2024 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-15891 NRG Energy, Inc. (Exact name of registrant as specified in its charter) Delaware 41-1724239 (State or other jurisdiction (I.R.S. Employer of incorporation or organizati ...
NRG(NRG) - 2024 Q1 - Earnings Call Transcript
2024-05-07 16:32
Conference Call Participants I would now like to hand the conference over to your first speaker today, Kevin Cole, Head of Treasury and Investor Relations. Please go ahead. In addition, we will refer to both GAAP and non-GAAP financial measures. For information regarding our nonGAAP financial measures and reconciliations to the most directly comparable GAAP measures, please refer to today's presentation. Kevin Cole - Head, Treasury and IR Dr. Larry Coben - Chair and Interim President and CEO Bruce Chung - C ...
NRG Energy (NRG) Q1 Earnings Beat Estimates, Sales Decline Y/Y
Zacks Investment Research· 2024-05-07 13:31
NRG Energy, Inc. (NRG) reported first-quarter 2024 earnings of 80 cents per share, which beat the Zacks Consensus Estimate of 51 cents by 56.9%. However, the bottom line declined 7% from the year-ago quarter’s figure of 86 cents.RevenuesTotal revenues came in at $7.43 billion, down 3.8% from the prior-year quarter’s reported level of $7.72 billion. Highlights of the ReleaseThe company recorded adjusted EBITDA of $849 million, up 31.4% from $646 million recorded a year ago.Operating costs and expenses totale ...
NRG(NRG) - 2024 Q1 - Quarterly Results
2024-05-07 11:06
Exhibit 99.1 NRG Energy, Inc. Reports First Quarter Results and Reaffirms 2024 Financial Guidance • Strong financial and operational performance in the first quarter of 2024 with GAAP Net Income of $511 million and Adjusted EBITDA of $849 million • Diversified supply strategy performed well across all segments resulting in margin expansion in the East and West while mitigating the impacts of mild winter weather conditions in Texas • Consumer Energy and Smart Home platforms increased customer counts year ove ...
NRG Energy (NRG) Surpasses Market Returns: Some Facts Worth Knowing
Zacks Investment Research· 2024-04-29 23:16
NRG Energy (NRG) ended the recent trading session at $73.95, demonstrating a +1.57% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.32%. Meanwhile, the Dow gained 0.38%, and the Nasdaq, a tech-heavy index, added 0.35%.The power company's shares have seen an increase of 7.56% over the last month, surpassing the Utilities sector's loss of 4.88% and the S&P 500's loss of 2%.The investment community will be closely monitoring the performance of NRG En ...
NRG(NRG) - 2023 Q4 - Annual Report
2024-02-28 21:20
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, 2023. ☐ 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 ...