BMO Capital analyst James Thalacker maintains $NRG Energy (NRG.US)$ with a hold rating, and adjusts the target price from $88 to $94.
According to TipRanks data, the analyst has a success rate of 64.5% and a total average return of 12.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $NRG Energy (NRG.US)$'s main analysts recently are as follows:
NRG Energy's Q3 update may serve as a positive catalyst for the stock as the focus on earnings per share as a key metric could more effectively showcase the company's robust growth prospects. It is anticipated that NRG will opt for the midpoint of the revised EBITDA guidance since relying on the original midpoint might lead to a front-loaded compound annual growth rate.
In anticipation of third-quarter results within the Utilities, Power, and Renewable energy sectors, it has been noted that the coming weeks are critical for trading within the power sector. Volatility is expected due to significant events regarding earnings and regulatory developments. Despite this, the fundamental positive outlook for the power sector should be the primary focus for investors beyond mere contract announcements. The emerging supply-demand imbalances in the sector are projected to require several years to rectify, which is anticipated to lead to increased earnings and free cash flow.
Note:
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