Why Should We Buy NRG Energy Inc. (NRG) Stock?

NRG Energy Inc. (NYSE:NRG) has a beta value of 1.07 and has seen 0.97 million shares traded in the recent trading session. The company, currently valued at $16.72B, closed the recent trade at $80.22 per share which meant it lost -$2.81 on the day or -3.38% during that session. The NRG stock price is -7.21% off its 52-week high price of $86.00 and 60.51% above the 52-week low of $31.68. The 3-month trading volume is 4.07 million shares.

NRG Energy Inc. (NYSE:NRG) trade information

Sporting -3.38% in the red today, the stock has traded in the red over the last five days, when the NRG stock price touched $80.22 or saw a rise of 6.25%. Year-to-date, NRG Energy Inc. shares have moved 55.16%, while the 5-day performance has seen it change -5.05%. Over the past 30 days, the shares of NRG Energy Inc. (NYSE:NRG) have changed 12.21%.

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NRG Energy Inc. (NRG) estimates and forecasts

Figures show that NRG Energy Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 69.63% over the past 6 months, with this year growth rate of 26.39%, compared to 3.20% for the industry. Revenue growth from the last financial year stood is estimated to be 7.50%.

1 analysts offering their estimates for the company have set an average revenue estimate of 8.32B for the current quarter. 1 have an estimated revenue figure of 9.16B for the next ending quarter. Year-ago sales stood 7.73B and 7.95B respectively for this quarter and the next, and analysts expect sales will grow by 7.70% for the current quarter and 7.50% for the next.

Earnings growth for 2024 is a modest 3.12% while over the next 5 years, the company’s earnings are expected to increase by 4.00%.

NRG Dividends

NRG Energy Inc. is expected to release its next earnings report in June this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.57 at a share yield of 1.96%. The company’s dividend yield has gone up over the past 12 months.