Goldman Sachs Value Stocks: Top 5 Stock Picks

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

Goldman Sachs’ Q3 2023 Investment Value: $2.4 billion

Latest Price To Forward Earnings Ratio: 7.86

NRG Energy, Inc. (NYSE:NRG) is an American electricity provider and trader headquartered in Houston, Texas. Following disastrous earnings performance during its four latest quarters and a Q3 sizeable stake increase (275%) by activist investor Elliot Management, the firm’s CEO was replaced in November 2023 as part of what appears to be a turnaround effort.

Insider Monkey scoured through 910 hedge fund portfolios for their June quarter of 2023 shareholdings and discovered that 39 had invested in the firm. NRG Energy, Inc. (NYSE:NRG)’s largest investor in the succeeding quarter was Paul Singer’s Elliott Management since it owned 10.3 million shares that were worth $399 million.

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