UBS Reaffirms Their Buy Rating on NRG Energy (NRG)
UBS analyst William Appicelli reiterated a Buy rating on NRG Energy on January 20 and set a price target of $211.00. The company’s shares closed yesterday at $148.91.
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Appicelli covers the Utilities sector, focusing on stocks such as American Electric Power, Consolidated Edison, and NextEra Energy. According to TipRanks, Appicelli has an average return of 9.7% and a 55.38% success rate on recommended stocks.
In addition to UBS, NRG Energy also received a Buy from Wells Fargo’s Shahriar Pourreza in a report issued on January 20. However, on January 8, Morgan Stanley maintained a Hold rating on NRG Energy (NYSE: NRG).
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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