As previously reported, Jefferies analyst Julien Dumoulin-Smith upgraded NRG Energy (NRG) to Buy from Hold with a price target of $113, up from $93, citing more confidence in the cross-selling thesis with upside to both estimates and valuation. The firm is increasing its 2029 EBITDA estimate to $4.5B, up about $230M from its prior estimate and almost $1B higher than the “sleepy” consensus, to more fully reflect the company’s $750M growth plan, the analyst tells investors.
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Read More on NRG:
- NRG Energy upgraded to Buy from Hold at Jefferies
- NRG Energy price target raised to $100 from $94 at BMO Capital
- Appaloosa exited Boeing and UPS during Q3, added Vistra and NRG
- Elliott sold Marathon Petroleum during Q3, bought more Southwest
- NRG Energy price target raised to $140 from $130 at Wells Fargo
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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