NRG Energy Inc

NRG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$75.00	Xqms	Qvmvjqdc

NRG Must Prove Its Consumer-Facing Business Strategy Can Create Value

Travis Miller

Jun 27, 2023

Business Strategy and Outlook

NRG Energy is no longer the business it used to be just a few years ago. Following its $5.2 billion Vivint Smart Home acquisition in March 2023, NRG is predominantly a nationwide retail energy supplier and home services business, a strategic flip from its legacy as a Texas-based power generator. We estimate NRG's legacy power generation business will represent about 20% of consolidated earnings once it integrates Vivint.

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