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 $40. The company’s shares opened today at $33.57, close to its 52-week high of $35.17.
According to TipRanks.com, Smith is a 4-star analyst with an average return of 5.1% and a 65.5% success rate. Smith covers the Utilities sector, focusing on stocks such as Centerpoint Energy, Dominion Resources, and Eversource Energy.
Currently, the analyst consensus on NRG Energy is a Strong Buy with an average price target of $37.50, implying an 11.7% upside from current levels. In a report issued on August 2, Guggenheim also reiterated a Buy rating on the stock with a $38 price target.
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The company has a one-year high of $35.17 and a one-year low of $22.90. Currently, NRG Energy has an average volume of 4.94M.
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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.
