On October 22, NRG Energy Inc fell 5.23% in Regular Trading, trading at $94.795 per share, with turnover of $51.6458 million.
The move coincided with Jefferies lowering its price target on NRG Energy Inc to $131 from $160, reinforcing a more cautious view on the company’s valuation and the pace of earnings recovery.
Background pressure had already built after the company reported second-quarter adjusted EPS of $1.49, below market expectations of $1.69 to $1.72, while full-year adjusted EPS guidance of $7.90 to $9.90 bracketed the $9.21 consensus. The company recently kept its quarterly dividend unchanged at $0.475 per share, a neutral update that offered no fresh valuation catalyst.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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