NRG Energy price target raised to $130 from $120 at Wells Fargo
The Fly

NRG Energy price target raised to $130 from $120 at Wells Fargo

Wells Fargo raised the firm’s price target on NRG Energy (NRG) to $130 from $120 and keeps an Overweight rating on the shares. NRG’s Q3 update could be a positive catalyst for shares as the shift to earnings per share as a primary metric will better illustrate the company’s strong growth outlook, the analyst tells investors in a research note. The firm added that it believes NRG will elect to use the midpoint of the revised EBITDA guidance as using the original midpoint would likely result in a front-end loaded compound annual growth rate.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App