NRG Energy Inc

NRG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$44.00	Qvh	Nmbstgqj

NRG Energy Earnings: Early Days of Vivint Acquisition Going Well; Hot Weather Offers Upside

Travis Miller

Aug 8, 2023

We are reaffirming our $37 fair value estimate for NRG Energy after the company announced $819 million of adjusted EBITDA in the second quarter, up from $386 million in the year-ago quarter after adjusting for power plant retirements in 2022. We are reaffirming our no-moat rating and High Morningstar Uncertainty Rating.

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