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Wells Fargo Keeps Their Buy Rating on NRG Energy (NRG)

Tipranks - Tipranks - Tue Feb 17, 5:06AM CST

Wells Fargo analyst Shahriar Pourreza maintained a Buy rating on NRG Energy on February 13 and set a price target of $206.00. The company’s shares closed last Friday at $172.35.

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According to TipRanks, Pourreza is a 5-star analyst with an average return of 9.1% and a 69.15% success rate. Pourreza covers the Utilities sector, focusing on stocks such as Talen Energy Corp, NRG Energy, and Vistra Corp.

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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