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Analysts Are Bullish on These Utilities Stocks: PG&E (PCG), NRG Energy (NRG)

Tipranks - Wed Apr 15, 1:40AM CDT

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on PG&E (PCG) and NRG Energy (NRG) with bullish sentiments.

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PG&E (PCG)

In a report released today, Nicholas Campanella from Barclays maintained a Buy rating on PG&E, with a price target of $23.00. The company’s shares closed last Monday at $17.74.

According to TipRanks.com, Campanella is a 5-star analyst with an average return of 12.8% and a 71.5% success rate. Campanella covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power. ;'>

Currently, the analyst consensus on PG&E is a Strong Buy with an average price target of $22.75, representing a 23.4% upside. In a report issued on April 8, UBS also maintained a Buy rating on the stock with a $23.00 price target.

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NRG Energy (NRG)

In a report issued on April 12, Angie Storozynski from Seaport Global maintained a Buy rating on NRG Energy. The company’s shares closed last Monday at $170.24.

According to TipRanks.com, Storozynski is a 5-star analyst with an average return of 20.0% and a 65.7% success rate. Storozynski covers the Utilities sector, focusing on stocks such as California Water Service, Talen Energy Corp, and Vistra Corp. ;'>

Currently, the analyst consensus on NRG Energy is a Strong Buy with an average price target of $200.17, implying a 23.6% upside from current levels. In a report issued on March 31, Barclays also assigned a Buy rating to the stock with a $200.00 price target.

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