NRG Energy, Inc. NRG was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $24.77 to $26.62 in the past one-month time frame.
The move came after the company reported better-than-expected third-quarter 2017 operating revenues along with success of its Transformation Plan, because of which it has realized $92 million cost savings in the third quarter and expects to save more in the future.
The move came after the company reported better-than-expected third-quarter 2017 operating revenues. The company also enjoyed success in its Transformation Plan, which unlocked $92 million in cost savings in the third quarter and is expected to generate more savings in the upcoming quarters.
NRG Energy currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the Utility – Electric Power industry is Brookfield Infrastructure Partners LP BIP, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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