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NRG Energy (NRG) Gains From Investments & Share Repurchase
ZACKS· 2024-07-17 15:51
NRG Energy, Inc. (NRG) is engaged in the production, sale, and delivery of energy and energy products and services to residential, industrial as well as commercial consumers in major competitive power markets in the United States. Its long-term capital expenditure plans for expansion in clean energy will likely boost its performance. The company is, however, highly regulated and faces a variety of risks to its operations. NRG Energy has been expanding its operations through strategic acquisitions. The acqui ...
NRG Energy (NRG) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2024-07-16 23:01
In the latest trading session, NRG Energy (NRG) closed at $76.43, marking a +1.38% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.64%. On the other hand, the Dow registered a gain of 1.85%, and the technology-centric Nasdaq increased by 0.2%. It is also important to note the recent changes to analyst estimates for NRG Energy. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' pos ...
Why NRG Energy (NRG) Outpaced the Stock Market Today
ZACKS· 2024-07-09 23:05
The latest trading session saw NRG Energy (NRG) ending at $79.26, denoting a +0.88% adjustment from its last day's close. The stock's change was more than the S&P 500's daily gain of 0.07%. Meanwhile, the Dow lost 0.13%, and the Nasdaq, a tech-heavy index, added 0.14%. Shares of the power company witnessed a loss of 1.75% over the previous month, beating the performance of the Utilities sector with its loss of 4.73% and underperforming the S&P 500's gain of 4.34%. Market participants will be closely followi ...
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 (713) 537-3000 (Registrant's telephone number, including area code) ☒ 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) (State or other jurisdiction ...
NRG(NRG) - 2024 Q1 - Earnings Call Transcript
2024-05-07 16:32
NRG Energy, Inc. (NYSE:NRG) Q1 2024 Results Conference Call May 7, 2024 9:00 AM ET Company Participants Kevin Cole - Head, Treasury and IR Dr. Larry Coben - Chair and Interim President and CEO Bruce Chung - CFO Robert Gaudette - EVP of NRG Business Rasesh Patel - Chief Operating Officer Conference Call Participants Shahriar Pourreza - Guggenheim Partners Angie Storozynski - Seaport Steve Fleishman - Wolfe Research Durgesh Chopra - Evercore ISI Dave Arcaro - Morgan Stanley Ryan Levine - Citi Operator Good da ...
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 ...