Analyst price targets
Very few utility (XLU) stocks offer a handsome potential upside due to their recent rally. Merchant power stock NRG Energy (NRG) is one of them. It offers an estimated upside of 15%, compared to its current market price of $40.9. Analysts have given it a mean target price of $47.0. Analysts largely look positive on NRG Energy stock. Almost 73% of analysts that cover NRG recommend it as a “buy.” Also, it doesn’t have a “sell” recommendation from any of the analysts.
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Edison International (EIX) is trading at $63.6 and offers a potential upside of more than 12% for the next 12 months. Wall Street analysts have given it a mean target price of $71.2. Analysts look cautious on the stock mainly due to uncertainties associated with the wildfire regulations in California. Of the total 16 analysts covering EIX, 56% recommend the stock as a “hold” while 44% recommend it as a “buy.”
Analysts have given FirstEnergy (FE) stock a mean price target of $44.6, implying an upside potential of 7.5% against its current market price of $41.5. Of the total 17 analysts covering FE, more than 76% recommend it as a “buy” while the rest recommend it as a “hold.” FirstEnergy released its first-quarter earnings last week. See Highlights from FirstEnergy’s Q1 Earnings.