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How Wall Street Views NRG Energy Stock


Nov. 20 2020, Updated 3:47 p.m. ET

NRG Energy

Among the total eight analysts covering NRG Energy (NRG), three recommend the stock as a “strong buy,” four recommend it as a “buy,” and one recommends it as a “hold.” None of the analysts recommend it as a “sell” as of March 7.

According to Wall Street analysts’ estimates, NRG Energy stock has a mean target price of $33.5, which indicates an upside potential of almost 15% for the next 12 months. Currently, NRG Energy is trading at $29.2. It could be interesting to see NRG continuing its momentum, as the stock has already rallied roughly 70% in the last year.

Deutsche Bank rated NRG Energy a “buy” and raised its price target from $39.0 to $40.0 last week.

NRG Energy’s loss widened in 2017 compared to 2016, but the stock has rallied nearly 12% since it reported earnings last week. NRG’s recent momentum could be the result of the company being on track with its transformation plan.

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Peer price targets

AES Corporation (AES) has a mean price target of $12.7, which implies an estimated gain potential of more than 16%. It’s currently trading at $10.9.

Entergy Corporation (ETR) has an implied gain of 7% in a year with analysts’ mean price target of $83.3. It’s currently trading at $77.7.

UBS raised ETR’s price target from $78.0 to $79.0 on March 5.

Read about utilities’ (XLU) recent performance and their way forward in Where Utility Stocks Might Go from Here.


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