NRG Energy Inc. ($NRG) Stock Forecast: Down 5.2% Today

What is NRG Energy Inc.?

NRG Energy (NYSE: NRG) is a leading energy company based in Houston, Texas. The company generates electricity and provides energy solutions to customers in various markets.

Why is NRG Energy Inc. going down?

NRG stock is down 5.2% on Nov 12, 2024 14:51

• NRG Energy reported a third-quarter revenue decline of 9.1% year-over-year, missing expectations, which likely contributed to the bearish movement in the stock.
• Despite the revenue miss, NRG Energy's adjusted EBITDA increased during the same period, showing some positive performance indicators.
• The company's earnings and revenue surprises of -9.76% and 142.09%, respectively, for the quarter ended September 2024 might have added to the negative sentiment among investors.
• The market reaction could also be influenced by the revised price expectations by Wall Street forecasters ahead of the Q3 earnings release, indicating uncertainty and potential volatility in the stock.

NRG Price Chart

NRG Technical Analysis

NRG News

Company News for Nov 11, 2024

Companies In The News Are: NRG, FLR, RBA, PARAA.

https://www.zacks.com/stock/news/2367888/company-news-for-nov-11-2024

NRG Energy Misses Q3 Expectations But Powers Up Guidance And Stock Buyback: Details - NRG Energy ( NYSE:NRG )

NRG Energy, Inc. NRG reported a third-quarter revenue decline of 9.1% year-over-year to $7.22 billion, missing the consensus of $9.381 billion. Adjusted EPS stood at $1.85, missing the consensus of $2.00.

https://www.benzinga.com/news/earnings/24/11/41849792/nrg-energy-misses-q3-expectations-but-powers-up-guidance-and-stock-buyback-details

NRG Energy Third-Quarter Earnings Miss Estimates, Sales Beat

NRG's third-quarter 2024 earnings increase year over year, while revenues decrease. Adjusted EBITDA also increases during the same period.

https://www.zacks.com/stock/news/2367530/nrg-energy-third-quarter-earnings-miss-estimates-sales-beat

NRG Energy ( NRG ) Q3 Earnings Lag Estimates

NRG (NRG) delivered earnings and revenue surprises of -9.76% and 142.09%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2367231/nrg-energy-nrg-q3-earnings-lag-estimates

Top Wall Street Forecasters Revamp NRG Energy Price Expectations Ahead Of Q3 Earnings - NRG Energy ( NYSE:NRG )

NRG Energy, Inc. NRG will release earnings results for its third quarter, before the opening bell on Friday, Nov. 8. Analysts expect the Houston, Texas-based bank to report quarterly earnings at $2 per share, up from $1.41 per share in the year-ago period.

https://www.benzinga.com/24/11/41836618/top-wall-street-forecasters-revamp-nrg-energy-price-expectations-ahead-of-q3-earnings

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NRG Energy Inc. Price History

17.09.2024 - NRG Stock was down 5.2%

• NRG Energy (NRG) closed at $89.14, marking a -1.04% decrease compared to the previous trading day, which was more significant than the overall market movement.
• Although NRG Energy has shown strong performance with an average annual return of 17.33% over the past 5 years, it faced a bearish trend today.
• The decline could be due to investors taking profits following a period of robust growth, causing a temporary decline in the stock price.
• Furthermore, general market conditions or specific developments within the energy sector might have contributed to the negative investor sentiment towards NRG Energy on the day.

03.08.2024 - NRG Stock was down 5.3%

• The bearish movement in NRG stock today could be attributed to profit-taking by investors after a period of strong performance.
• Despite benefiting from strategic buyouts and a diverse customer base, market sentiment or broader economic factors may have influenced the stock's decline.
• It's possible that investors are reevaluating their positions in NRG Energy due to changing market conditions or industry dynamics.

07.10.2024 - NRG Stock was up 5.1%

• NRG Energy has demonstrated market outperformance over the past 5 years, delivering an impressive average annual return of 18.49%. This sustained positive performance may be attracting more investors to the stock, thus contributing to today's bullish movement.
• Despite the broader market decline, NRG Energy achieved a 1.53% increase in the most recent trading session. This relative strength in comparison to the overall market downturn could be attributed to favorable company-specific factors or positive investor sentiment towards the energy sector.
• The noteworthy development of a $100 investment in NRG 5 years ago now being valued at $200 highlights the company's robust growth trajectory. This achievement likely fosters investor confidence, prompting heightened buying activity that propels the stock price upwards.

09.09.2024 - NRG Stock was down 5.2%

• NRG Energy's stock price closed at $94.29, showing a -1.11% decrease from the previous day's close, indicating a more substantial dip compared to the broader market.
• The short interest in NRG Energy has declined by 11.54%, suggesting a potential reduction in bearish bets against the company.
• The decrease in short interest could signal a change in market sentiment towards NRG Energy, potentially contributing to the bearish movement in the stock price today.
• Investors may be responding to internal or external factors affecting NRG Energy, leading to the downward trend in the stock price.

20.08.2024 - NRG Stock was up 5.1%

• NRG Energy (NRG) outperformed the market today, showing a strong bullish movement.
• The stock price of NRG Energy rose by +1.55% to $81.04, surpassing the overall market performance.
• The bullish movement could be attributed to positive market sentiment towards the energy sector or specific company news driving investor confidence.
• Investors might be reacting positively to NRG Energy's strategic initiatives, financial performance, or potential growth opportunities in the energy market.

08.10.2024 - NRG Stock was down 5.3%

• NRG Energy experienced a 9.1% decline in third-quarter revenue compared to the previous year, falling short of projections, potentially contributing to the negative stock activity.
• Despite the revenue setback, the company adjusted its guidance upwards and unveiled a stock repurchase program, demonstrating its confidence in future prospects.
• The combination of missing earnings forecasts alongside improved adjusted EBITDA may have sparked investor uncertainty, influencing the bearish market trends.
• Prior to the earnings announcement, adjustments to price targets by analysts suggest heightened anticipation and market volatility surrounding NRG Energy's performance, potentially impacting the stock's downward trajectory.

08.10.2024 - NRG Stock was up 7.2%

• NRG Energy's stock experienced a bullish movement today, likely driven by positive market sentiment and anticipation surrounding the company's upcoming Q3 earnings release.
• Analysts have raised their price expectations for NRG Energy ahead of the earnings report, with a forecasted quarterly earnings of $2 per share, reflecting potential growth compared to the year-ago period.
• The company's strong performance over the past 5 years, outperforming the market with an average annual return of 18.49%, may have also contributed to investor confidence and interest in the stock.
• Factors such as the integration of Vivint Smart Home, share repurchases, and debt reduction initiatives are expected to further support NRG Energy's Q3 results, enhancing investor optimism and driving the stock's upward momentum.

12.10.2024 - NRG Stock was down 5.2%

• NRG Energy reported a third-quarter revenue decline of 9.1% year-over-year, missing expectations, which likely contributed to the bearish movement in the stock.
• Despite the revenue miss, NRG Energy's adjusted EBITDA increased during the same period, showing some positive performance indicators.
• The company's earnings and revenue surprises of -9.76% and 142.09%, respectively, for the quarter ended September 2024 might have added to the negative sentiment among investors.
• The market reaction could also be influenced by the revised price expectations by Wall Street forecasters ahead of the Q3 earnings release, indicating uncertainty and potential volatility in the stock.

06.07.2024 - NRG Stock was up 5.0%

• There is optimism among Wall Street analysts regarding NRG Energy, with recommendations to add it to portfolios, reflecting positive sentiment towards the stock.
• The upcoming Q2 earnings report is anticipated to demonstrate continued benefits from various strategic initiatives, such as Vivint Smart Home integration and debt reduction, likely contributing to the bullish movement.
• The recent appointment of a new President and CEO at NRG Energy may have instilled confidence and optimism in investors, resulting in heightened buying interest in the stock.
• Although some analysts believe that NRG Energy may not meet the criteria for a likely earnings beat, the overall positive outlook and strategic actions taken by the company appear to have outweighed any potential concerns, driving the bullish market movement.

08.07.2024 - NRG Stock was up 5.4%

• Reported a significant increase in net income for the second quarter, surpassing last year's figures by a large margin.
• Reaffirmed its financial guidance for 2024, showcasing confidence in its future performance.
• Despite facing challenges in certain segments, NRG Energy's strong financial results and strategic moves, such as selling Airtron HVAC and expanding capacity in Texas, have contributed to its bullish market movement.
• Analysts are optimistic about NRG Energy's stock, with recommendations to add it to one's portfolio, reflecting positive sentiment towards the company's growth prospects.

08.07.2024 - NRG Stock was up 6.0%

• NRG stock experienced a strong bullish movement.
• The acquisition of HVAC leader Airtron by Gamut Capital from NRG Energy could have positively influenced investor sentiment, signaling strategic business decisions.
• Despite missing revenue estimates for Q2 2024, NRG Energy beat earnings per share expectations, showcasing operational efficiency and cost management.
• The increase in second-quarter profits and reaffirmation of the 2024 guidance by NRG Energy could have instilled confidence in investors, driving the bullish market movement.

08.07.2024 - NRG Stock was up 5.0%

• NRG Energy (NRG) experienced a strong bullish movement today.
• The bullish trend can be attributed to the company's impressive Q2 2024 financial results and its reaffirmation of the 2024 guidance, indicating strong performance and stability in the market.
• The increase in June-quarter revenues, higher net income, and adjusted EBITDA growth have instilled confidence in investors, leading to a positive market sentiment towards NRG stock.
• Overall, NRG Energy's robust financial performance and strategic business decisions have likely fueled the bullish movement in the stock price today.