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Wells Fargo Sticks to Its Buy Rating for NRG Energy (NRG)

Tipranks - Tipranks - Mon Feb 9, 11:30AM CST

Wells Fargo analyst Shahriar Pourreza maintained a Buy rating on NRG Energy on February 6 and set a price target of $206.00. The company’s shares closed last Friday at $153.32.

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Pourreza covers the Utilities sector, focusing on stocks such as Talen Energy Corp, NRG Energy, and PPL. According to TipRanks, Pourreza has an average return of 9.0% and a 68.24% success rate on recommended stocks.

In addition to Wells Fargo, NRG Energy also received a Buy from UBS’s William Appicelli in a report issued on February 5. However, on February 4, TipRanks – xAI reiterated a Hold rating on NRG Energy (NYSE: NRG).

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Based on NRG Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $7.64 billion and a net profit of $152 million. In comparison, last year the company earned a revenue of $7.22 billion and had a GAAP net loss of $767 million

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