35 Trending AI Stocks on Latest Analyst Ratings and News

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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. The company is positioning itself as a key player in the AI landscape due to its production and sale of electricity, which is essential for powering the AI needs of both businesses and consumers. Notably, electricity demand in North America has surged for the first time in nearly four decades. During the first quarter earnings call, Larry Coben, the CEO of the energy firm, emphasized that trends in electrification, coupled with the anticipated growth of generative AI data centers, signal a transformative increase in power demand. He remarked that these developments put the company on track to achieve its target of 15% to 20% growth in free cash flow.

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