Goldman Sachs Upgrades NRG Energy (NRG) to Buy; Exposure to Tight Texas Market

Article Stock Quotes (1) Comments (0)

Goldman Sachs upgraded NRG Energy (NYSE: NRG) from Neutral to Buy with a price target of $25.00 (from $21.00).

Analyst, Neil Mehta, said, "We upgrade NRG to Buy given (1) leverage to improving power prices, (2) exposure to the favorable TX power market, and (3) strong FCF generation. We revise our valuation methodology from EV/EBITDA to a SOTP to better capture the equity value of NRG’s solar business."

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 $21.78 yesterday, with a 52 week range of $14.29-$24.12.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: A.G. Lafley Gives Procter & Gamble (PG) Investors 'New Hope', UBS Upgrades to Buy
• TD Securities Downgrades Nordion Inc (NDZ) to Reduce
• Jefferies Lifts Numbers on Diana Shipping (DSX) Post Q1

Create E-mail Alert Related Categories

Analyst PT Change, Upgrades

Related Entities

Goldman Sachs

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?