Billionaire Paul Singer’s Recent Activist Targets and 5 Top Stock Picks

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

Long-Term Returns since Singer’s Investment: 38%
S&P 500 Gains since Singer’s Investment: 2.76%

NRG Energy, Inc. (NYSE: NRG), an integrated power company, provides electricity and related products and services to residential, commercial, and industrial customers who purchase them. NRG Energy, Inc. (NYSE:NRG) generates electricity using natural gas, coal oil, nuclear energy, and battery storage.

NRG Energy, Inc. (NYSE:NRG) is the latest company to be targeted by billionaire investor Singer as part of an aggressive activist campaign. Elliot management wrote a letter to the company early in the year calling to be given some board seats. The activist investor is also pushing for strategic improvements, including a Vivint Smart Home review.

Elliott Management insists that NRG Energy, Inc. (NYSE:NRG) needs a new set of independent directors with power and energy industry expertise. It has identified five candidates to help implement the preceding operational and strategic changes. NRG Energy, Inc. (NYSE:NRG) is up by about 48% for the year amid the activist campaign. Elliot Management held stakes worth $399 million as of Q3 2023, an increase from $103 million when it first invested in Q2 2023.

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