NRG Energy, Inc. (NRG - Free Report) was a big mover last session, as the company saw its shares rise over 29% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $16.12 to $17.64 in the past one month time frame.
The stock gained after the company unveiled its Transformation Plan that aims recurring cost and margin improvements of $1.065 billion, permanent SG&A reduction from asset sales and divestments of $210 million, along with the discharge of $13 billion of debt.
The company has seen two positive estimate revisions in the past one month, while its Zacks Consensus Estimate has also moved higher over the same time frame, suggesting that more solid trading could be ahead for NRG Energy. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
NRG Energy currently has a Zacks Rank #2 (Buy), while its Earnings ESP is positive.
Another stock worth considering in the Utility - Electric Power industry is Atlantica Yield plc which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is NRG going up? Or down? Predict to see what others think: Up or Down
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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NRG Energy, Inc. (NRG - Free Report) was a big mover last session, as the company saw its shares rise over 29% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $16.12 to $17.64 in the past one month time frame.
The stock gained after the company unveiled its Transformation Plan that aims recurring cost and margin improvements of $1.065 billion, permanent SG&A reduction from asset sales and divestments of $210 million, along with the discharge of $13 billion of debt.
The company has seen two positive estimate revisions in the past one month, while its Zacks Consensus Estimate has also moved higher over the same time frame, suggesting that more solid trading could be ahead for NRG Energy. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
NRG Energy currently has a Zacks Rank #2 (Buy), while its Earnings ESP is positive.
Another stock worth considering in the Utility - Electric Power industry is Atlantica Yield plc which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is NRG going up? Or down? Predict to see what others think: Up or Down
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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