Morgan Stanley Updates Price Target for NRG Energy (NRG) Amid Utility Sector Review
NRGNRG(US:NRG) Yahoo Finance·2025-12-03 20:15

Core Insights - NRG Energy, Inc. is recognized among the 15 Dividend Stocks that outperform the S&P 500 [1] Financial Performance - NRG Energy reported strong third-quarter 2025 results with revenue reaching $7.64 billion, reflecting a 5.7% increase from the same period last year [3] - The company provided standalone 2026 guidance, excluding the LS Power portfolio, aligning with its long-term growth targets [3] Business Expansion - NRG expanded its data center power agreements, increasing total contracted capacity to 445 megawatts and growing its development pipeline to 5.4 gigawatts [3] Management Insights - CEO Lawrence Coben highlighted strong performance across all business segments, leading to a $100 million increase in 2025 financial guidance, which was reaffirmed during the earnings call [4] - The LS Power acquisition is on track for completion in the first quarter of 2026, with all regulatory filings submitted and financing secured on favorable terms [4] Market Position - Morgan Stanley raised its price target for NRG Energy to $145 from $144 while maintaining an Equal Weight rating, noting that utilities underperformed the S&P's return in October [2]