Here's Why NRG Energy (NRG) is a Strong Value Stock

Group 1 - Zacks Premium offers various tools for investors to enhance their stock market confidence and investment strategies [1][2] - The Zacks Style Scores provide a unique rating system for stocks based on value, growth, and momentum characteristics, aiding investors in selecting securities with high potential for market outperformance [3][4][5][6][7] Group 2 - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to assist investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8][9] - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B, while also considering earnings outlook changes [11][12] Group 3 - NRG Energy Inc. is engaged in the production, sale, and delivery of energy products and services in the U.S. and holds a Zacks Rank of 3 (Hold) with a VGM Score of B [13] - NRG Energy has a Value Style Score of B, supported by a forward P/E ratio of 13.87, and has seen an upward revision in earnings estimates for fiscal 2024 [14]