NRG Energy Inc
NRG: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$72.00 | Jqkxv | Szqrbxpjs |
NRG Energy: Texas Weather, Elliott's Displeasure Heating Up
We are reaffirming our $37 fair value estimate for NRG Energy after activist investor Elliott Management published a letter deriding the strategy NRG management detailed at the company's investor day on June 22. At the same time, hot weather in NRG's core Texas market should boost earnings this year, masking any near-term performance shortfalls.