12 Stocks on Jim Cramer’s Radar Recently

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7. NRG Energy, Inc. (NYSE:NRG)

Number of Hedge Fund Holders: 53

A caller asked Cramer to share his thoughts on NRG Energy, Inc. (NYSE:NRG), and he said:

“Very good utility. What can I say? I like it. I mean, it’s nice and boring. Boring is very good. Exciting, not so hot. This market’s like Pharaoh’s Fury.”

NRG Energy (NYSE:NRG) generates and sells electricity from coal, oil, solar, and battery storage. It also offers energy management services, home solutions, and trades in power, natural gas, and related commodities. On April 4, Goldman Sachs analyst Carly Davenport began coverage of NRG Energy stock with a Buy rating and a $129 price target. The firm expects strong free cash flow from the core business, supporting returns to shareholders. The analyst also pointed to potential gains from new generation projects, data center agreements, and opportunities in the SmartHome segment.

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