NRG Energy's $560 Million Acquisition Adds 738 MW of Flexible Gas-Fired Power: Details
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 13 2025
0mins
Source: Benzinga
NRG Energy Acquisition: NRG Energy, Inc. has agreed to acquire six power generation facilities from Rockland Capital for $560 million, adding 738 MW of flexible natural gas-fired capacity and enhancing its market presence in Texas.
Investment and Financial Status: The acquisition is expected to be earnings-accretive and primarily funded through corporate debt, while NRG also announced a $2.5 million investment in Equilibrium Energy to address grid volatility; the company holds $1 billion in unrestricted cash.
Analyst Views on NRG
Wall Street analysts forecast NRG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NRG is 200.75 USD with a low forecast of 145.00 USD and a high forecast of 240.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
6 Buy
2 Hold
0 Sell
Strong Buy
Current: 151.090
Low
145.00
Averages
200.75
High
240.00
Current: 151.090
Low
145.00
Averages
200.75
High
240.00
About NRG
NRG Energy, Inc. is an energy and home services company. The Company’s businesses are the sale of electricity and natural gas to residential, commercial, and industrial and wholesale customers, supported by its wholesale electric generation, as well as the sale of smart home products and services. Across the United States and Canada, the Company delivers sustainable solutions, predominately under brand names such as NRG, Reliant, Direct Energy, Green Mountain Energy, and Vivint. Its segments include Texas, East, West/Services/Other, Vivint Smart Home and Corporate activities. It sells a variety of products to residential and small commercial customers, including retail electricity and energy management, natural gas, line and surge protection products and home protection products, repair and maintenance, and carbon offsets. It owns and leases a diversified wholesale generation portfolio with approximately 13 gigawatts of fossil fuel and renewable generation capacity at 18 plants.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
