Stock Analyst Note
NRG Energy Earnings: Excitement Around Electricity Demand Slow to Show Up in Earnings
We are reaffirming our $41 per share fair value estimate for NRG Energy after the company announced $849 million of adjusted earnings before interest, taxes, depreciation, and amortization during the first quarter of 2024. We are reaffirming our no-moat rating and High Morningstar Uncertainty Rating.