30 AI News Investors Should Not Miss

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

Number of Hedge Fund Holders: 56

NRG Energy, Inc. (NYSE:NRG) operates as an energy and home services company in the United States and Canada. BMO Capital analyst James Thalacker recently raised the price target on the stock to $90 from $88 and kept a Market Perform rating on the shares. The analyst cited the company’s positive announcements in independent power in raising its FY24 EBITDA midpoint outlook by 5%, with both operating cash flow and FCFbG – Free Cash Flow before Growth – also revised upwards by 5% with the implied FCFbG conversion ratio unchanged at 55-58%. Per the analyst, BMO was also raising its 2024 EBITDA estimates for NRG Energy, Inc. (NYSE:NRG) by about 3% to $3,625 million to reflect higher sustainable load-serving margins.

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