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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 stock has rallied in the past few days after the company raised guidance for full-year adjusted EBITDA to a range of $3.52 billion – $3.67 billion, up from its previous view of $3.3 billion – $3.55 billion, reflecting robust financial and operational execution throughout the year.

The company also hiked guidance for FY 2024 cash flow before growth to $1.97 billion – $2.12 billion from its prior outlook for $1.82 billion – $2.07 billion. Larry Coben, the CEO of NRG Energy, Inc. (NYSE:NRG), said the firm was confident in the ability to drive growth and capitalize on the emerging opportunities in markets. The firm is well-positioned to capitalize on favorable power demand trends from generative AI and data centers.