15 AI News Updates Wall Street Is Monitoring

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

Number of Hedge Fund Holders: 49

NRG Energy, Inc. (NYSE:NRG) operates as an energy and home services company in the United States and Canada.  The firm is emerging as an important AI firm because it produces and sells electricity, vital for powering the AI needs of companies and consumers alike. On November 26, Jefferies analyst Julien Dumoulin-Smith upgraded the stock to Buy from Hold with a price target of $113, up from $93, citing more confidence in the cross-selling thesis with upside to both estimates and valuation. The advisory is increasing its 2029 EBITDA estimate to $4.5 billion, up about $230 million from its prior estimate and almost $1 billion higher than the sleepy consensus, to more fully reflect the company’s $750 million growth plan.

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