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NRG Energy downgraded to Sell from Neutral at UBS
The Fly

NRG Energy downgraded to Sell from Neutral at UBS

UBS analyst Ross Fowler downgraded NRG Energy (NRG) to Sell from Neutral with a price target of $30, down from $42. The company’s $5.4B acquisition of Vivint Home Solar (VVNT) is significant in scale and represents a major strategic shift for NRG and investment thesis for the stock, the analyst tells investors in a research note. Fowler cites increasing risk premium, a needed transition of the shareholder base, and uncertainties around growth profile and congruent strategy between electric/gas service and home security.

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