NRG Price Prediction Next Week
Technical Analysis: Based on recent price action, NRG shows a consolidation pattern between $50-52 range over the past week. The stock has formed a tight trading range with decreasing volume, suggesting a potential breakout in the coming week.
News Impact: Recent significant developments:
- Elliott Investment Management reduced its stake in NRG Energy in Q4 2024
- The stock has shown remarkable performance, gaining 91.7% over the past year compared to S&P 500's 22.6% rally
- Analysts maintain a "Moderate Buy" rating with a mean price target of $113.75, suggesting a 10.6% upside potential
Price Prediction for Next Week: Based on technical indicators and news sentiment:
- Support level: $50.47 (recent low)
- Resistance level: $51.91 (recent high)
- Target price range: $52.50-$53.20
The stock is likely to break above the current consolidation range due to:
- Strong institutional backing and positive analyst sentiment
- Raised FY2024 adjusted EBITDA guidance to $3.66-3.81 billion
- Expected EPS growth of 47.2%
Trading Recommendation: BUY Entry point: Current market price ($51.10) Initial target: $52.50 (+2.7%) Stop loss: $50.20 (-1.8%)
The risk-reward ratio of 1.5 favors a long position, supported by positive fundamental outlook and technical setup suggesting accumulation phase completion.
NRG Similar Chart Price Prediction
The price of NRG is predicted to go up 0.51%, based on the high correlation periods with BTDR. The similarity of these two price pattern on the periods is 91.12%.
NRG
BTDR
Up: 0.51%Similarity: 91.12%
NRG Revenue Forecast
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NRG VS S&P500
NRG's transformation in 2017-20 cut the business in half, improved its credit metrics, and generated substantial cash to use for the dividend, stock buybacks, and acquisitions like Direct Energy and Vivint.
NRG's generation fleet provides a partial hedge for its retail supply business, helping stabilize consolidated earnings.
NRG's primary operations are in Texas, which we think will have among the fastest electricity demand growth of any state during the next decade.
NRG Analyst's Forecast
Stephen Byrd
Morgan Stanley
Hold
2025-02-19
Price Target
$86 → $99
Downside
-11.93%
Morgan Stanley raised the firm's price target on NRG Energy to $99 from $86 and keeps an Equal Weight rating on the shares. The firm's raised target is mostly driven by the incorporation of the most recent EBITDA guidance, which was higher than its estimates, and the $750M growth initiatives through 2029 identified by the company along with Q3 results, the analyst tells investors.
Durgesh Chopra
Evercore ISI Group
Hold → Buy
2025-01-21
Price Target
$74 → $126
Upside
+12.95%
Julien Dumoulin-Smith
Jefferies
Hold → Strong Buy
2024-11-26
Price Target
$93 → $113
Upside
+11.7%
