Zacks Investment Research upgraded shares of NRG Energy Inc. (NRG) from UNDERPERFORM to OUTPERFORM on April 10, 2014, with a target price of $39.00.
We have upgraded our recommendation on NRG Energy Inc. to Outperform from Underperform on the back of several completed acquisitions. These acquisitions will help the company to increase its production volumes and market penetration. The acquisitions are in sync with NRG Energy's strategy to scale up its operations to meet increasing customer demand while expanding the renewable portfolio. In addition, NRG Energy's cash flow generation capability will enable it to make strategic investments and distribute regular dividends. However, stringent regulations and disruption in fuel supply are causes of concern.
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