Wells Fargo analyst Neil Kalton maintains $NRG Energy (NRG.US)$ with a buy rating, and adjusts the target price from $120 to $130.
According to TipRanks data, the analyst has a success rate of 65.3% and a total average return of 9.0% 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 might serve as a positive catalyst for its shares, with the transition to focusing on earnings per share as a primary metric expected to more accurately reflect the company's robust growth prospects. It is anticipated that NRG will opt for the midpoint of the revised EBITDA guidance, as adhering to the original midpoint could likely lead to a front-end loaded compound annual growth rate.
The upcoming weeks are anticipated to be quite significant for short-term trading in the power sector, with expectations of volatility due to concurrent earnings and regulatory events. Despite this, investors are encouraged to consider the favorable fundamental context for the power industry beyond mere contract news. The emerging supply-demand deficits are expected to persist over the next 4-5 years, which is likely to result in increased earnings and free cash flow.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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