NRG Energy

NRG · NYSE

$97.84−$1.54 (−1.55%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $99.38

NRG analyst rating

BuyConsensus of 9 analysts over the last 12 months. 78% rate it a buy.

Strong buy0
Buy7
Hold2
Underperform0
Sell0

12-month price target · 18 analysts

Average $183.77 (+87.8% upside)

Low: $109.52
Now: $97.84
High: $232.05

Upgrades and downgrades

The latest rating actions, newest first

NRG analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Morgan Stanley	Sep 18, 2026	Maintains	Equal-Weight	$162.00 → $159.00	58%
Morgan Stanley	Aug 21, 2026	Maintains	Equal-Weight	$165.00 → $162.00	58%
Scotiabank	Aug 5, 2026	Maintains	Sector Outperform	$226.00 → $211.00	60%
Evercore ISI Group	Aug 5, 2026	Maintains	Outperform	$215.00 → $195.00	75%
UBS	Jul 28, 2026	Maintains	Buy	$221.00 → $216.00	44%
BMO Capital	Jul 28, 2026	Maintains	Market Perform	$213.00 → $212.00	59%
Barclays	Jul 28, 2026	Maintains	Overweight	$200.00 → $204.00	51%
Wells Fargo	Jul 16, 2026	Maintains	Overweight	$203.00 → $209.00	52%
Scotiabank	Jul 15, 2026	Maintains	Sector Outperform	$223.00 → $226.00	60%
Morgan Stanley	Apr 21, 2026	Maintains	Equal-Weight	$157.00 → $154.00	58%

The case for and against

Updated Jan 26, 2026

Bull case

NRG Energy's recent acquisitions, including Vivint Smart Home and the LS Power asset portfolio, position the company to potentially enhance cash flow by up to $1.0 billion through expected cost savings and revenue synergies. With a robust customer base of 6 million retail energy consumers and 2 million home-services customers, NRG is strategically positioned to capitalize on cross-selling opportunities stemming from these acquisitions. Moreover, the addition of significant gas-fired generation capacity will strengthen NRG's operational footprint in both Texas and the Eastern US, contributing to its resilience and growth in the competitive energy sector.

Bear case

The adjusted EBITDA estimate for NRG Energy in the second quarter of 2025 is projected to be $913 million, which represents a 5% year-over-year decline and is consistent with consensus estimates, suggesting a stagnation in growth. Additionally, while the trailing twelve-month EBITDA is expected to exceed the company's full-year outlook by nearly $200 million, this could be offset by significant operational risks associated with managing open positions in both gas and electric retail markets. Overall, these factors contribute to an unfavorable financial outlook for NRG Energy, highlighting potential vulnerabilities in operational management amidst a challenging market environment.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.