Bank of America Securities Keeps Their Buy Rating on NRG Energy (NRG)

In a report released today, Julien Dumoulin Smith from Bank of America Securities reiterated a Buy rating on NRG Energy (NRGResearch Report), with a price target of $36.00. The company’s shares closed today at $33.78.

Dumoulin Smith covers the Utilities sector, focusing on stocks such as Cheniere Energy, NRG Energy, and Sempra Energy. According to TipRanks, Dumoulin Smith has an average return of 5.5% and a 55.60% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NRG Energy with a $39.80 average price target.

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NRG market cap is currently $7.55B and has a P/E ratio of -4.03.

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NRG Energy, Inc. engages in the production, sale, and distribution of energy and energy services. It operates through the following segments: Generation, Retail, and Corporate. The Generation segment includes all power plant activities, domestic and international, as well as renewables. The Retail segment includes mass customers and business solutions, and other distributed and reliability products. The Corporate segment includes residential solar and electric vehicle services. The company was founded in 1989 and is headquartered in Princeton, NJ.

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