10 Stocks That Became Analyst Favorites This Week

3. NRG Energy Inc. (NYSE:NRG)

NRG Energy Inc. is a home services and energy company that operates through corporate activities, Vivint smart home, and other segments. The company was upgraded by Evercore ISI from In-Line to Outperform with a target price hike from $74 to $126. The stock is up 111% in a year but analysts believe it is still undervalued.

NRG Energy’s consumer demand is increasing after a strategic partnership with Renew Home and Google Cloud. With this partnership, the company is well-positioned to utilize Renew Home’s technology to adopt clean energy. The improving gross margins add icing on the cake for NRG and continue to propel it to new 52-week highs.