Zacks Investment Research downgraded shares of NRG Energy Inc. (NRG) from NEUTRAL to UNDERPERFORM on January 21, 2013, with a target price of $22.00.
We have downgraded our recommendation on NRG Energy Inc. to Underperform from Neutral owing to fuel price volatility, stringent regulatory compliances and over-reliance on weather conditions. In the third quarter of 2012, the company's net loss was way below the Zacks Consensus Estimate and revenue also fell short of our projection. Weak quarterly results also drove us to revise our recommendation on the stock. However, we believe NRG Energy's diversified portfolio of electricity generation and broadening of its solar asset portfolio may partially mitigate those strong negative factors in the future.
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