IsNRG Energy (NYSE:NRG) An Attractive Buy? Citigroup Initiates Coverage


How Citigroup Currently Rates NRG Energy (NYSE:NRG)

The broker Citigroup has launched coverage on NRG Energy (NYSE:NRG)’s stock, rating it Sell. This was published in analysts note on Tuesday, 1 December.

From a total of 13 analysts covering NRG Yield (NYSE:NRG) stock, 10 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 77% of the ratings are positive. The highest target price is $35 while the lowest target price is $13. The mean of all analyst targets is $23.31 with a 103.58% above today’s ($12.56) stock price. NRG Yield was the topic of 10 analyst reports since August 10, 2015 according to the firm StockzIntelligence Inc. SunTrust initiated shares on October 16 with “Neutral” rating. Deutsche Bank maintained NRG stock in a recent report from September 21 with “Buy” rating. Finally, RBC Capital Markets maintained the stock with “Outperform” rating in a report issued on an August 10.

Approximately 1.20M shares of stock traded hands. NRG Energy Inc (NYSE:NRG) has declined 51.74% since April 28, 2015 and is downtrending. It has underperformed by 50.11% the S&P500.

NRG Energy, Inc. is a power company that produces, sells and delivers energy, and energy services and products in power markets in the United States. The company has a market cap of $3.71 billion. NRG’s business divisions are NRG Business, NRG Home, NRG Renew, NRG Yield and corporate activities. It currently has negative earnings. NRG Business consists of NRG’s wholesale operations, including plant operations, commercial operations, engineering, procurement and construction (EPC), energy services and other related functions.

According to Zacks Investment Research, “NRG Energy Inc owns and operates a diverse portfolio of power-generating facilities, primarily in the United States. Its operations include baseload, intermediate, peaking, and cogeneration facilities, thermal energy production and energy resource recovery facilities.” Get a free copy of the Zacks research report on NRG Energy Inc (NRG)