Zacks Investment Research upgraded shares of NRG Energy Inc. (NRG) from UNDERPERFORM to NEUTRAL on July 10, 2012, with a target price of $18.00.
We are upgrading our recommendation on NRG Energy Inc. to Neutral from Underperform, considering its solid growth strategy and its diverse portfolio of generation assets. Also, its flagship retail outlet, Reliant, is expected to perform favorably and lead to customer additions. NRG's solar business is gaining momentum and we perceive it to be a growing business in the future. Going forward, the company's liquidity position will also render a stable financial profile. Potential downside risks include pressure of regulation compliance, failure to acquire high quality contracts and unexpected outages.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
To get a free copy of the research report on NRG Energy Inc. (NRG),
click here.
For more information about research offerings from Zacks Investment Research, visit
Zacks.com .
Be the first to comment