NRG Energy Sees Large Drop in Short Interest (NRG)
NRG Energy (NYSE:NRG) saw a significant decrease in short interest during the month of May. As of May 30th, there was short interest totalling 9,725,102 shares, a decrease of 30.9% from the May 15th total of 14,067,571 shares, AR Network reports. Based on an average daily volume of 3,559,188 shares, the short-interest ratio is presently 2.7 days. Approximately 2.9% of the shares of the stock are short sold.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs upgraded shares of NRG Energy from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, May 27th. Separately, analysts at Zacks downgraded shares of NRG Energy from an “outperform” rating to a “neutral” rating in a research note on Monday, May 19th. They now have a $35.00 price target on the stock. Finally, analysts at ISI Group raised their price target on shares of NRG Energy from $36.00 to $40.00 in a research note on Monday, May 12th. They now have a “buy” rating on the stock. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. NRG Energy has a consensus rating of “Buy” and an average price target of $36.00.
NRG Energy (NYSE:NRG) opened at 37.04 on Tuesday. NRG Energy has a 1-year low of $25.24 and a 1-year high of $38.09. The stock’s 50-day moving average is $35.30 and its 200-day moving average is $30.99. The company’s market cap is $12.491 billion.
NRG Energy (NYSE:NRG) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by $0.05. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the company posted ($1.02) earnings per share. The company’s revenue for the quarter was up 67.5% on a year-over-year basis. Analysts expect that NRG Energy will post $1.97 EPS for the current fiscal year.
NRG Energy, Inc (NYSE:NRG) is an integrated wholesale power generation and retail electricity company in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.