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NRG, AES, and FE: Is There Any Steam Left?

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Dec. 14 2018, Updated 10:30 a.m. ET

Target prices

Analysts have given NRG Energy (NRG) stock a median target price of $43.65, which implies an upside potential of 3.4% from its current price of $42.2 over the next 12 months.

Analysts’ median target price of $16.0 for AES (AES) stock implies an upside of 0.7% compared to its current market price of $15.9 over the next 12 months.

FirstEnergy (FE) stock offers a potential upside of 3% based on analysts’ median target price of $40.4. Currently, FirstEnergy is trading at $39.2. Mizuho Securities raised FirstEnergy’s target price from $39.0 to $41.5 on December 3.

Exelon (EXC) also offers a trivial upside potential going forward. Exelon has a median target price of $47.3 compared to its current market price of $46.9, which indicates a potential upside of 1% for the next 12 months.

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Many utility stocks seem to be offering trivial potential upsides based on analysts’ target prices due to their recent rally. However, a slower-than-expected interest rate hike and healthy quarterly earnings growth could boost utility stocks going forward. If trade war tensions continue to rise, broader markets would likely be disturbed more, which could benefit defensive sectors like utilities (XLU).

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