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

January 11, 2013 7:36 AM EST Send to a Friend
Get Alerts NRG Hot Sheet
Price: $29.72 +1.30%

Rating Summary:
    15 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 28 | New: 14
Trade NRG Now!
Join SI Premium – FREE
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.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst PT Change, Hot Upgrades, Upgrades

Related Entities

Goldman Sachs Conviction Buy List, Goldman Sachs, Earnings

Add Your Comment