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NRG $90.45

NRG target price
90.45
0
52
NRG Energy, Inc.
Type
Public
Traded as NYSE: NRG
S&P 500 Component
Industry Electric utilities
Founded 1992
Headquarters West Windsor, New Jersey (financial), Houston, Texas (operations)
Area served
USA – 11 states
Key people
Mauricio Gutierrez
(President and CEO)
Products Electricity generation
Electric power transmission
distribution
Revenue
  • Decrease US$ 14.674 billion (2015)
  • Increase US$ 15.868 billion (2014)
  • Increase US$ 11.295 billion (2013)
  • Increase US$ 8.422 billion (2012)
Number of employees
10,468 (2015)
Website www.nrg.com

NRG Energy, Inc. is a large American energy company, dual-headquartered in West Windsor Township, New Jersey, and Houston, Texas. It was formerly the wholesale arm of Xcel Energy, and was spun off in bankruptcy in 2004.

When the state of Texas deregulated the electricity market, the former Houston Lighting & Power (HL&P) was split into several companies. In 2003 HL&P was split into Texas Genco (which got the power plants), CenterPoint Energy (which got the distribution system) and Reliant Energy (which provided the electricity to business and individuals).

In 2006, NRG Energy bought Texas Genco from a group of private equity firms for roughly $5.9 billion. Afterwards, in May 2009, NRG Energy acquired the retail operations of Reliant Energy. With those two moves, NRG's holdings represented most of the former HL&P and today serve 1.6 million customers in Texas. The retail operations continue to operate under the Reliant Energy name while the remainder of the former Reliant Energy became RRI Energy.

Following the acquisition of Reliant, NRG extended its retail footprint with the acquisition of Green Mountain Energy in November 2010. In doing so, NRG also became the largest retailer of green power in the nation, providing all of its Green Mountain and many of its Reliant customers with energy derived from 100% renewable resources.

NRG Energy completed its acquisition of GenOn Energy in December 2012 for $1.7 billion in stock and cash. The GenOn name was retired in the merger, but the combined company retained GenOn's Houston headquarters to coordinate operations.

In August 2013, NRG acquired Energy Curtailment Specialists, a Buffalo, New York based Demand response company. The terms of the deal were not disclosed

In September 2014, NRG acquired Goal Zero, a manufacturer of personal solar power products.

NRG Energy holds the naming rights to the NRG Park campus in Houston, Texas, home to the NRG Astrodome, NRG Stadium, NRG Arena and NRG Center.

On March 12, 2014, NRG Energy announced that they would be re-branding Reliant Park to replace "Reliant" on all signages to "NRG".

After the GenOn merger, NRG has 47,000 MW of total generation capacity, enough to power approximately 40 million homes. Its nearly 100 power plants are located in 18 states in the Northeast, Chicago area, Gulf Coast, Southwest, Nevada, and California. Generation facilities include mostly fossil fuel power plants powered by natural gas, oil, and coal; plus four wind farms (in Texas) and six solar farms (in California, Arizona, and New Mexico). NRG also has a 44% ownership stake in the South Texas Nuclear Generating Station and a 37.5% stake in a coal power plant in Gladstone, Queensland, Australia. Some facilities use cogeneration and the company also owns 28 MW of solar distributed generation.

NRG's Retail Power services provide electricity services to more than 2 million homes and businesses, mostly in Arizona and the Northeast.

Beginning in 2009, NRG began an initiative to become a green energy producer in the United States and started investing money in clean energy projects. They include onshore and offshore wind power, solar thermal energy, photovoltaic, and distributed solar power facilities, and repowering of some of their traditional coal plants with biomass. In late 2010, NRG launched the "EVgo" network, the first completely private public car charging station network for electric power vehicles.

The company signed a two-year agreement beginning in January 2011 to provide 100% renewable energy for the Empire State Building.

Assemblywoman Aravella Simotas has been chair of a coalition to support the utility in their plan to replace its "decades-old, dirty" power plant in Astoria with a newer generator. The company stated its intention in 2012 to replace 31 older oil generators with new gas generators that will increase the megawatts of power while reducing emissions.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-02 Future report Set alerts
Q2 2022 2022-08-04 2.16 2.16
Q1 2022 2022-05-06 7.17 7.17
Q4 2021 2022-02-24 -1.73 -1.73
Q3 2021 2021-11-04 6.60 6.60
Q2 2021 2021-08-05 4.40 4.40
Q1 2021 2021-05-06 -0.33 -0.33
Q4 2020 2021-03-01 -0.71 -0.71
Q3 2020 2020-11-05 1.02 1.02
Q2 2020 2020-08-06 1.27 1.27

Ratings

2016-06-10 Reiterated Rating Citigroup Inc. Sell $13.00 to $14.00
2016-05-18 Reiterated Rating Deutsche Bank Buy
2016-05-18 Reiterated Rating Deutsche Bank AG Buy
2016-04-12 Boost Price Target SunTrust Neutral $13.00 to $14.00
2016-04-12 Boost Price Target SunTrust Banks Inc. Neutral $13.00 to $14.00
2016-04-05 Reiterated Rating Deutsche Bank Buy $19.00
2016-03-19 Reiterated Rating Barclays Buy
2016-03-19 Reiterated Rating Barclays PLC Buy
2016-03-18 Boost Price Target Barclays Overweight $15.00 to $18.00
2016-03-07 Boost Price Target SunTrust Neutral $10.00 to $12.00
2016-03-01 Reiterated Rating Deutsche Bank Buy $19.00 to $18.00
2016-02-16 Lower Price Target SunTrust Neutral $12.00 to $10.00
2016-01-28 Initiated Coverage Guggenheim Buy $16.00
2016-01-24 Reiterated Rating Barclays Buy
2016-01-22 Lower Price Target Barclays Overweight $16.00 to $14.00
2016-01-20 Reiterated Rating Deutsche Bank Buy
2016-01-13 Reiterated Rating Morgan Stanley Overweight
2016-01-04 Reiterated Rating Barclays Overweight $19.00 to $16.00
2015-12-14 Lower Price Target Deutsche Bank $29.00 to $18.00
2015-12-07 Boost Price Target Credit Suisse Outperform $9.00 to $24.00
2015-12-07 Boost Price Target Credit Suisse Group AG Outperform $9.00 to $24.00
2015-12-01 Initiated Coverage Citigroup Inc. Sell
2015-11-05 Reiterated Rating Deutsche Bank Buy $29.00 to $31.00
2015-10-26 Lower Price Target SunTrust Neutral $16.00 to $15.00
2015-10-16 Initiated Coverage SunTrust Neutral $16.00
2015-10-07 Boost Price Target Morgan Stanley Overweight $35.00 to $36.00
2015-09-24 Lower Price Target Wolfe Research Peer Perform €26.00 to €24.00
2015-09-22 Lower Price Target Evercore ISI Buy $27.00 to $24.00
2015-09-21 Reiterated Rating Barclays Buy $29.00 to $31.00
2015-09-21 Boost Price Target Deutsche Bank Buy $29.00 to $31.00
2015-08-25 Reiterated Rating Deutsche Bank Buy $29.00
2015-08-10 Downgrade Wolfe Research Outperform to Peer Perform
2015-05-11 Boost Price Target Deutsche Bank Buy $29.00 to $31.00
2015-04-22 Lower Price Target Deutsche Bank Buy $32.00 to $29.00
2015-04-06 Reiterated Rating Bank of America Buy $27.00
2015-04-06 Reiterated Rating Bank of America Corp. Buy $27.00
2015-03-02 Lower Price Target Deutsche Bank Buy $34.00 to $32.00
2015-03-02 Lower Price Target Barclays Overweight $39.00 to $33.00
2015-01-21 Upgrade Tudor Pickering Hold to Buy
2015-01-13 Downgrade Goldman Sachs Buy to Neutral $29.00
2015-01-13 Downgrade Goldman Sachs Group Inc. Buy to Neutral $29.00
2015-01-09 Initiated Coverage Credit Suisse Outperform $34.00
2015-01-05 Lower Price Target Barclays Overweight $40.00 to $39.00
2014-12-17 Reiterated Rating Deutsche Bank Buy $36.00 to $34.00
2014-11-07 Upgrade Deutsche Bank Sell to Hold
2014-11-06 Reiterated Rating Deutsche Bank Buy $36.00
2014-10-29 Reiterated Rating Deutsche Bank Buy $37.00 to $36.00
2014-09-30 Upgrade Evercore ISI Buy to Strong-Buy $34.00 to $40.00
2014-09-23 Initiated Coverage Deutsche Bank Buy $37.00
2014-08-11 Lower Price Target Evercore ISI $35.00 to $34.00
2014-08-08 Initiated Coverage Tigress Financial Neutral
2014-08-08 Reiterated Rating Jefferies Group Buy $38.00 to $37.00
2014-07-28 Reiterated Rating Goldman Sachs Conviction-Buy to Conviction-Buy
2014-07-25 Reiterated Rating Jefferies Group Buy $39.00 to $38.00
2014-07-21 Reiterated Rating Macquarie Outperform $39.00 to $37.00
2014-05-27 Upgrade Goldman Sachs Buy to Conviction-Buy
2014-05-12 Boost Price Target Evercore ISI Buy $36.00 to $40.00
2014-05-09 Boost Price Target Ladenburg Thalmann $33.00 to $39.00
2014-05-07 Boost Price Target Jefferies Group $36.00 to $39.00
2014-04-04 Boost Price Target Macquarie $33.00 to $34.00
2014-04-03 Boost Price Target Morgan Stanley $36.00 to $39.00
2014-04-02 Initiated Coverage Barclays Overweight to Overweight $36.00
2014-03-20 Upgrade Goldman Sachs Neutral to Buy $30.00 to $35.00
2014-01-03 Downgrade Citigroup Inc. Neutral
2013-11-15 Lower Price Target Jefferies Group Buy $38.00 to $36.00
2013-11-08 Boost Price Target HSBC Overweight to Neutral €7.20 to €8.20
2013-11-07 Boost Price Target Jefferies Group Buy $33.00 to $38.00
2013-09-25 Reiterated Rating Deutsche Bank Hold $26.00
2013-09-25 Boost Price Target Jefferies Group Buy $32.00 to $33.00
2013-09-18 Downgrade Goldman Sachs Buy to Neutral $31.00 to $28.00
2013-09-09 Reiterated Deutsche Bank Hold $27 to $26
2013-02-28 Reiterated Wunderlich Buy $25 to $27
2013-01-15 Reiterated Barclays Overweight $26 to $29
2012-07-24 Reiterated Wunderlich Buy $23 to $25
2012-07-24 Downgrade Deutsche Bank Buy to Hold $19 to $20
2011-12-08 Downgrade UBS Buy to Neutral $25 to $20
2010-11-05 Reiterated Wunderlich Buy $28 to $26
2016-06-10 Reiterated Rating Citigroup Inc. Sell $13.00 to $14.00
2016-05-18 Reiterated Rating Deutsche Bank Buy
2016-05-18 Reiterated Rating Deutsche Bank AG Buy
2016-04-12 Boost Price Target SunTrust Neutral $13.00 to $14.00
2016-04-12 Boost Price Target SunTrust Banks Inc. Neutral $13.00 to $14.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
CRANE DAVID W President & CEO 0.33%  (1115162) NRG / NYLD /
Gutierrez Mauricio Exec VP & Chief Operating Ofc 0.15%  (507465) NRG / NYLD /
Andrews Kirkland B EVP & CFO 0.08%  (258873) NRG / NYLD /
Killinger Elizabeth R Sr. VP & President,NRG Retail 0.04%  (130568) NRG /
Wilson Denise Exec VP & Pres, New Business 0.04%  (127435) NRG /
COSGROVE HOWARD E 0.04%  (126363) NRG /
Hill David Russell Exec Vice Pres, Gen Counsel 0.03%  (117551) NRG / NYLD /
Moser Christopher Exec Vice Pres, Operations 0.03%  (104946) NRG /
RAGAN JOHN W EVP& Regional Pres Gulf Coast 0.03%  (95766) NRG /
YOUNG WALTER R JR 0.03%  (95502) NRG /
COBEN LAWRENCE S 0.03%  (89999) NRG /
Chillemi John V Executive VP-Business Dev. 0.02%  (78695) NRG /
Hantke William 0.02%  (64814) NRG / PBF /
WEIDEMEYER THOMAS H 0.02%  (63578) GT / NRG / WM /
Schaumburg Anne C 0.02%  (62410) NRG /
HOBBY PAUL W 0.02%  (61075) NRG / STC /
DEHNE TANUJA SVP and Chief Admin Officer 0.02%  (56813) NRG / SBY /
Caldwell Kirbyjon H 0.02%  (52789) NRG /
Silverstein Evan Jay 0.02%  (52389) NRG /
Callen David VP, Chief Accounting Offficer 0.01%  (43020) NRG / NYLD /
DALLAS TERRY G 0.01%  (41689) NRG /
Curci Brian General Counsel & Corp Sec 0.01%  (40090) NRG /
Abraham Spencer 0.01%  (39229) NRG / OXY / PBF / TWO / UEC /
MULLER EDWARD R 0.01%  (29302) AVAV / NRG / RIG /
LUTERMAN GERALD 0.01%  (27163) FCB / HRG / NRG /
Stark Ronald B VP, Chief Accounting Officer 0.01%  (23765) NRG /
Wilder John C Jr 0.01%  (22743) NRG / XCO /