Goldman Sachs Adds NRG Energy (NRG) to Conviction Buy List, Sees 33% Total Upside

January 11, 2013 7:36 AM EST
Get Alerts NRG Hot Sheet
Price: $16.11 +3.53%

Rating Summary:
    14 Buy, 5 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Goldman Sachs added NRG Energy (NYSE: NRG) to its Conviction Buy List with a price target of $30.00 (from $28.00).

The firm cited 1) best in class free cash flow, enabling share buybacks and debt reduction, (2) exposure to the favorable Texas power market and (3) attractive risk/reward, with 33% total return.

"We expect a positive capital allocation announcement either at or by NRG's 4Q2012 earnings release to drive shares higher in the near term," the analyst also said.

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 $23.14 yesterday.

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