BUZZ-NRG Energy rises as Jefferies raises to 'buy'
NRG Energy shares rose 6.9% following Jefferies' upgrade from 'hold' to 'buy', with a new price target suggesting a 23% upside. Jefferies forecasts an 11% annual EPS growth through 2029, driven by improved customer retention and efficiencies. While NRG has less upside from data centers compared to peers, it remains undervalued. Currently, six out of eleven brokerages rate the stock as 'buy' or higher. Year-to-date, the stock has increased by 89.3%.
Shares of utility firm NRG Energy (NRG.N) rise 6.9% to $98.23
Jefferies upgrades rating to “buy” from “hold”, raises stock PT to $113 from $93
The raised PT suggests a 23% upside to the stock’s last close
Brokerage says company’s EPS to increase by 11% annually through 2029 without lift from data centers and power demand
“NRG sees meaningful growth from further integrating the platforms as cross/up-selling, increased efficiencies, and superior customer retention should increase customer lifetime value” - Jefferies
Company has less upside from data centers than peers, but far less is priced-in today - brokerage
Six brokerages, of the 11 that have a rating for the stock, rate it “buy” or higher, five rate it “hold”, according to data compiled by LSEG
Including the session’s gains, stock is up 89.3% YTD