Revenue Update on NRG Energy Inc(NYSE:NRG)

NRG Energy Inc(NYSE:NRG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $2.64B. Analysts estimated a revenue of $3.54B. Earnings per share were $-0.28. Analysts had estimated an EPS of $0.17.

In a different note, On Jun 10, 2016, Citigroup said it Maintains its rating on NRG Energy Inc. In the research note, the firm Raises the price-target to $13.00 per share. The shares have been rated ‘Sell’ by the firm. On Jun 9, 2016, UBS said it Downgrades its rating on NRG Energy Inc. The shares have been rated ‘Sell’ by the firm.

NRG Energy Inc (NRG) made into the market gainers list on Wednesdays trading session with the shares advancing 0.65% or 0.08 points. Due to strong positive momentum, the stock ended at $12.38, which is also near the day’s high of $12.45. The stock began the session at $12.28 and the volume stood at 51,99,169 shares. The 52-week high of the shares is $21.28 and the 52 week low is $8.8. The company has a current market capitalization of $3,903 M and it has 31,52,80,160 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Thomas H Weidemeyer (director) sold 3,182 shares at $17.24 per share price.Also, On May 24, 2016, David Callen (SVP, Chief Accounting Offficer) sold 1,968 shares at $15.51 per share price.On Dec 10, 2015, Terry G Dallas (director) purchased 2,000 shares at $10.64 per share price, according to the Form-4 filing with the securities and exchange commission.

NRG Energy Inc. (NRG) is a power company that produces sells and delivers energy and energy products and services in power markets in the United States. NRG’s business segments are NRG Business NRG Home NRG Renew NRG Yield and corporate activities. NRG Business consists of NRG’s wholesale operations including plant operations commercial operations engineering procurement and construction (EPC) energy services and other related functions. NRG Home includes the Company’s NRG Home Retail and NRG Home Solar businesses. NRG Renew includes the Company’s solar and wind assets. NRG Yield includes NRG’s contracted generation assets. As of December 31 2014 NRG owned and operated approximately 52000 megawatts (MW) of generation; transacted in and traded fuel and transportation services and directly sold energy services and sustainable products and services to retail customers under the name NRG and other retail brand names owned by NRG.

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