Goldman Sachs’ 35 AI Superstars

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

Number of Hedge Fund Holders: 49

NRG Energy, Inc. (NYSE:NRG) operates as an energy and home services company in the United States and Canada. There are many aspects that contribute to this company being an excellent investment opportunity. Among them is the company’s ability to enhance shareholder value through strategic share repurchases. For instance, in the report for the third quarter of 2024, the company’s share repurchase plan is up to $925 million and plans to achieve an investment-grade credit metric. This can boost earnings per share and signal confidence in its future performance. Moreover, the company’s ongoing partnership with Renew Home aims to boost its residential VPP capabilities. NRG and Renew Home plans would distribute hundreds of thousands of VPP-enabled smart thermostats by 2035 and create a nearly 1 GW AI-powered VPP enabled by Google Cloud technology. This would improve the Texas grid’s resiliency and help households manage and lower their energy costs.

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