35 AI Superstars According to Goldman Sachs

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. Jefferies recently initiated coverage of the stock with a Hold rating and $82 price target. The advisory launched coverage of the power sector with a constructive view, and named Vistra its top pick and also put a Buy rating on Talen Energy. Constellation Energy, NRG Energy and PSEG had strong tailwinds but these were priced into the stocks already, the advisory told investors in a research note. Jefferies claimed that while data center transactions had been delayed, it still expected deals by 2025. The December PJM auction was the biggest sector risk around re-regulation, the advisory added.

Larry Coben, the CEO of NRG Energy, Inc. (NYSE:NRG), recently raised the fiscal year 2024 earnings forecast of the firm, and said that it was an exciting time for the company as it raised financial guidance for the year, reflecting the strength of the integrated platform and the best-in-class execution of leading consumer strategy. He added that his firm was confident in the ability to drive growth and capitalize on the emerging opportunities in markets.