Citi raised the firm’s price target on NRG Energy to $52 from $46 and keeps a Buy rating on the shares. The company’s Q3 results and fiscal 2024 EBITDA outlook beat Street estimates as margins and volumes improved and the Vivint integration is going reasonably well, the analyst tells investors in a research note. The firm says the performance and nuclear sales accelerated shares buyback may keep current management “in the driver seat for the company’s future.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on NRG:
- NRG Energy announces $950M accelerated share repurchase program
- NRG Energy upgraded to Neutral from Sell at UBS
- NRG Energy completes sale of interest in South Texas Project
- Constellation Energy completes acquisition of stake in Texas nuclear plant
- NRG Energy upgraded to Buy from Neutral at Guggenheim
