Barclays Maintains an 'Overweight' on NRG Energy (NRG); Fixing in Tough Times
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Price: $26.79 +0.19%
Rating Summary:
13 Buy, 2 Hold, 0 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 0 | Down: 1 | New: 1
Rating Summary:
13 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 1
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Barclays maintains an 'Overweight' on NRG Energy (NYSE: NRG) price target of $24.00 (from $22.00).
Analyst, Daniel Ford, said, "We are raising our target on NRG by to $24 to reflect full treatment of the merger synergies, solar EBITDA guidance and the timing of the Marsh Landing plant on-line in 2013. Our price target for NRG excludes TX upside and revenue synergies which could be worth $1-$2/share. The revenue synergies apply a 6x multiple to $60M-$90M of Mid-Atlantic retail margin at $2-$3/MWhr with GenOn Energy's (NYSE: GEN) output. We include our consolidated model starting in 2013 inside. Our merged Adjusted EBITDA with GenOn Energy for 2013 is $2.67B and for 2014 $2.72B versus $2.59B/$2.61B previously. This compares to guidance of $2.535B-$2.735B for 2013 and $2.63B-$2.83B for 2014."
For an analyst ratings summary and ratings history on NRG Energy click here. For more ratings news on NRG Energy click here.
Shares of NRG Energy closed at $21.54 yesterday, with a 52 week range of $14.29-$24.12.
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Analyst, Daniel Ford, said, "We are raising our target on NRG by to $24 to reflect full treatment of the merger synergies, solar EBITDA guidance and the timing of the Marsh Landing plant on-line in 2013. Our price target for NRG excludes TX upside and revenue synergies which could be worth $1-$2/share. The revenue synergies apply a 6x multiple to $60M-$90M of Mid-Atlantic retail margin at $2-$3/MWhr with GenOn Energy's (NYSE: GEN) output. We include our consolidated model starting in 2013 inside. Our merged Adjusted EBITDA with GenOn Energy for 2013 is $2.67B and for 2014 $2.72B versus $2.59B/$2.61B previously. This compares to guidance of $2.535B-$2.735B for 2013 and $2.63B-$2.83B for 2014."
For an analyst ratings summary and ratings history on NRG Energy click here. For more ratings news on NRG Energy click here.
Shares of NRG Energy closed at $21.54 yesterday, with a 52 week range of $14.29-$24.12.
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