Wells Fargo analyst Neil Kalton maintains $NRG Energy (NRG.US)$ with a buy rating, and maintains the target price at $130.
According to TipRanks data, the analyst has a success rate of 65.1% 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 is anticipated to act as a positive catalyst for its shares, with the transition to earnings per share as a principal measure anticipated to more effectively demonstrate the company's robust growth prospects. It is believed that NRG will opt for the midpoint of the revised EBITDA guidance, as choosing the original midpoint might yield a front-end loaded compound annual growth rate.
The anticipated third-quarter results in the Utilities, Power, and Renewable energy sector are expected to be a critical period for near-term trading in the power sector. This phase may exhibit volatility due to coinciding earnings and regulatory events in early November. However, investors are advised to consider the underlying positive fundamentals of power beyond just contract announcements. The growing supply-demand shortfalls in this sector are projected to require a minimum of 4-5 years to resolve, which is expected to lead to 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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