UBS Downgrades NRG Energy Inc to Sell

Brokerage firm UBS Downgrades its rating on NRG Energy Inc(NYSE:NRG). The shares have been rated Sell. Previously, the analysts had a Buy rating on the shares. The rating by UBS was issued on Jun 9, 2016.

In a different note, On Mar 18, 2016, Barclays said it Maintains its rating on NRG Energy Inc. In the research note, the firm Raises the price-target to $15.00 per share. The shares have been rated ‘Overweight’ by the firm.

NRG Energy Inc (NRG) shares turned negative on Wednesdays trading session with the shares closing down -0.28 points or -1.97% at a volume of 67,57,426. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.34. The peak price level was also seen at $14.34 while the days lowest was $13.76. Finally the shares closed at $13.95. The 52-week high of the shares is $25.39 while the 52-week low is $8.8. According to the latest information available, the market cap of the company is $4,393 M.

NRG Energy Inc(NRG) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $3.23B. Analysts had an estimated revenue of $3.26B. Earnings per share were $0.59. Analysts had estimated an EPS of $0.06.

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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