BMO Capital analyst James Thalacker raised the firm’s price target on NRG Energy to $49 from $42 and keeps a Market Perform rating on the shares. As part of an agreement with shareholder Elliott Management, NRG announced that current President and CEO Mauricio Gutierrez has left the company and resigned from the board, the analyst tells investors in a research note. The NRG board has initiated a search for a permanent CEO and four new independent directors were appointed to strengthen the company’s operational segments, BMO says.
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Read More on NRG:
- NRG Energy’s (NYSE:NRG) CEO Departs amid Management Shakeup
- NRG Energy backs FY23 adjusted EBITDA view $3.15B-$3.3B
- NRG Energy CEO Mauricio Gutierrez departs, Lawrence Coben named interim CEO
- NRG Energy price target raised to $52 from $46 at Citi
- NRG Energy announces $950M accelerated share repurchase program
