Investors focused on the Utilities space have likely heard of NRG Energy (NRG - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
NRG Energy is a member of our Utilities group, which includes 136 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. NRG is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for NRG's full-year earnings has moved 25.68% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, NRG has gained about 20.65% so far this year. In comparison, Utilities companies have returned an average of -1.93%. This means that NRG Energy is performing better than its sector in terms of year-to-date returns.
Breaking things down more, NRG is a member of the Utility - Electric Power industry, which includes 71 individual companies and currently sits at #87 in the Zacks Industry Rank. On average, stocks in this group have gained 0.38% this year, meaning that NRG is performing better in terms of year-to-date returns.
Going forward, investors interested in Utilities stocks should continue to pay close attention to NRG as it looks to continue its solid performance.