The stock of NRG Energy Inc. (NYSE:NRG) last traded at $81.09, up 0.02% from the previous session.
NRG stock price is now 10.79% away from the 50-day moving average and 53.29% away from the 200-day moving average. The market capitalization of the company currently stands at $16.91B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $65, Wells Fargo recently initiated with Overweight rating for NRG Energy Inc. (NYSE: NRG). On November 06, 2023, UBS Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock increasing its target price from $33 to quote $46, while ‘Guggenheim’ rates the stock as ‘Buy’
In other news, Patel Rasesh M., President, NRG Consumer sold 24,546 shares of the company’s stock on May 17 ’24. The stock was sold for $2,047,382 at an average price of $83.41. Upon completion of the transaction, the President, NRG Consumer now directly owns 266,064 shares in the company, valued at $21.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15 ’24, Exec VP, NRG Home Killinger Elizabeth R sold 40,000 shares of the business’s stock. A total of $2,545,600 was realized by selling the stock at an average price of $63.64. This leaves the insider owning 107,123 shares of the company worth $8.69 million. A total of 2.20% of the company’s stock is owned by insiders.
During the past 12 months, NRG Energy Inc. has had a low of $31.68 and a high of $86.00. As of last week, the company has a debt-to-equity ratio of 3.30, a current ratio of 1.01, and a quick ratio of 0.95. According to the stock market information, the enterprise value for the company is $28144289792, which is based on a 11.25 price-to-earnings ratio, a 2.81 price-to-earnings-growth ratio, and a beta of 1.06. The fifty day moving average price for NRG is $73.5642 and a two-hundred day moving average price translates $53.1206 for the stock.
The latest earnings results from NRG Energy Inc. (NYSE: NRG) was released for 2024-03-31. The net profit margin was 5.54% and return on equity was 51.56% for NRG. The company reported revenue of $7.43 billion for the quarter, compared to $7.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.79 percent.
