Are we looking at the next big move in NRG Energy Inc. (NRG)?

NRG Energy Inc. (NYSE: NRG) is 59.68% higher on its value in year-to-date trading and has touched a low of $30.25 and a high of $50.34 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NRG stock was last observed hovering at around $50.00 in the last trading session, with the day’s gains setting it 0.81% off its average median price target of $50.00 for the next 12 months. It is also 9.27% off the consensus price target high of $56.00 offered by 12 analysts, but current levels are -27.03% lower than the price target low of $40.00 for the same period.

Currently trading at $50.81, the stock is 5.14% and 10.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.72 million and changing 1.62% at the moment leaves the stock 32.79% off its SMA200. NRG registered 59.33% gain for a year compared to 6-month gain of 38.86%. The firm has a 50-day simple moving average (SMA 50) of $0.78 and a 200-day simple moving average (SMA200) of -$45.16.

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The stock witnessed a 10.72% loss in the last 1 month and extending the period to 3 months gives it a 32.66%, and is 3.08% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.57% over the week and 1.84% over the month.

NRG Energy Inc. (NRG) has around 6603 employees, a market worth around $11.47B and $29.46B in sales. Fwd P/E is 7.05. Profit margin for the company is -6.17%. Distance from 52-week low is 67.97% and 0.93% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.61%).

NRG Energy Inc. (NRG) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for NRG Energy Inc. (NRG) is a “Overweight”. 12 analysts offering their recommendations for the stock have an average rating of 2.42, where 7 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

NRG Energy Inc. is expected to release its quarterly report on 02/29/2024.The EPS is expected to grow by 0.50% this year.

NRG Energy Inc. (NRG) Top Institutional Holders

The shares outstanding are 229.56M, and float is at 217.46M with Short Float at 7.31%.

NRG Energy Inc. (NRG) Insider Activity

A total of 33 insider transactions have happened at NRG Energy Inc. (NRG) in the last six months, with sales accounting for 6 and purchases happening 27 times.

NRG Energy Inc. (NRG): Who are the competitors?

The company’s main competitors (and peers) include Duke Energy Corp. (DUK) that is trading -6.08% down over the past 12 months. Exelon Corp. (EXC) that is -17.45% lower over the same period.