NRG Energy (NRG) strengthens its market position with the implementation of AI-driven power solutions and raising annual forecast. It recently established a partnership with Google Cloud and Renew Home to achieve a 1 GW Virtual Power Plant by 2035. It shows resiliency with its consistent performance, outperforming competitors on several trading days. Both Commerce Bank and Intech Investment Management LLC have increased stakes in NRG Energy. Notably, NRG Energy has expanded its share buybacks to $925M in Q3 and Wells Fargo has raised its price target to $140 highlighting AI Growth and 10% EPS CAGR potential. However, the company's Q3 core profit failed to meet Wall Street expectations, despite beating sales estimates. Among its strategic moves was the pricing of Tender Offer for 6.75% Senior Secured Notes due 2027 and raising 2024 Guidance. NRG's EBITDA reached $1.06B and with recent important partnerships, NRG Energy seems to be a sensible addition to a balanced portfolio.
Nrg Energy NRG News Analytics from Wed, 19 Jun 2024 07:00:00 GMT to Sat, 23 Nov 2024 12:15:37 GMT -
