Canadian Energy Company Revisited by BMO Capital Analyst

BMO Capital analyst James Thalacker reiterated a Hold rating on NRG Energy (NRGResearch Report) today and set a price target of $44.00. The company’s shares closed last Thursday at $39.14.

According to TipRanks.com, Thalacker is a 5-star analyst with an average return of 10.9% and a 84.9% success rate. Thalacker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, American Electric Power, and Centerpoint Energy.

Currently, the analyst consensus on NRG Energy is a Hold with an average price target of $41.75.

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Based on NRG Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $7.9 billion and net profit of $1.74 billion. In comparison, last year the company earned revenue of $8.09 billion and had a GAAP net loss of $82 million.

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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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