Dahlman Rose Starts NRG Energy (NRG) at Buy; Favor Incumbent Texas Exposure
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Price: $126.24 +5.42%
Rating Summary:
24 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
24 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Dahlman Rose initiates coverage on NRG Energy (NYSE: NRG) with a Buy. PT $29.
Dahlman analyst says, "We are growing constructive on the broader US wholesale power markets, but we see targeted value only in certain regions where supply-driven power price upside outweighs modest downside gas price risk. Calpine (NYSE: CPN) and NRG Energy offer investors compelling value through selected exposure to the California and Texas markets."
For more ratings news on NRG Energy click here and for the rating history of NRG Energy click here.
Shares of NRG Energy closed at $24.37 yesterday.
Dahlman analyst says, "We are growing constructive on the broader US wholesale power markets, but we see targeted value only in certain regions where supply-driven power price upside outweighs modest downside gas price risk. Calpine (NYSE: CPN) and NRG Energy offer investors compelling value through selected exposure to the California and Texas markets."
For more ratings news on NRG Energy click here and for the rating history of NRG Energy click here.
Shares of NRG Energy closed at $24.37 yesterday.
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