Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Buy rating on Nrg Energy on Tuesday, setting a price target of $50, which is approximately 53.14% above the present share price of $32.65.
Byrd expects Nrg Energy to post earnings per share (EPS) of $1.02 for the fourth quarter of 2020.
The current consensus among 1 TipRanks analysts is for a Moderate Buy rating of shares in NRG Energy (NYSE:NRG), with an average price target of $50.
The analysts price targets range from a high of $50 to a low of $50.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $2.81 billion and a net profit of $422 million. The company's market cap is $7.97 billion.
According to TipRanks.com, Morgan Stanley analyst Stephen Byrd is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 4.5% and a 54.25% success rate.
NRG Energy, Inc. engages in the production, sale, and distribution of energy and energy services. It operates through the following segments: Generation, Retail, and Corporate. The Generation segment includes all power plant activities, domestic and international, as well as renewables. The Retail segment includes mass customers and business solutions, and other distributed and reliability products. The Corporate segment includes residential solar and electric vehicle services. The company was founded in 1989 and is headquartered in Princeton, NJ.