Merrill Lynch Believes NRG Energy (NRG) Won’t Stop Here


In a report released today, Julien Dumoulin Smith from Merrill Lynch maintained a Buy rating on NRG Energy (NYSE: NRG), with a price target of $42. The company’s shares opened today at $35.61, close to its 52-week high of $36.67.

According to TipRanks.com, Smith is a 4-star analyst with an average return of 4.6% and a 60.5% success rate. Smith covers the Utilities sector, focusing on stocks such as American Electric Power, Centerpoint Energy, and Dominion Resources.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for NRG Energy with a $38.67 average price target.

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Based on NRG Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.88 billion and net profit of $99 million. In comparison, last year the company earned revenue of $2.63 billion and had a GAAP net loss of $626 million.

Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is negative on the stock.

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NRG Energy, Inc. engages in the production, sale, and distribution of energy and energy services. Its wholesale operations include plant operations, commercial operations, EPC, energy services and other critical related functions. It operates through the following segments: Generation, Retail, Renewables and Corporate.

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