NRG Energy (NYSE:NRG) has been downgraded from Buy to Neutral in a statement by Bank of America (Merrill Lynch) earlier today.
- Updated: November 27, 2016
Bank of America (Merrill Lynch) has downgraded NRG Energy (NYSE:NRG) from Buy to Neutral in a statement released on 11/22/2016.
Boasting a price of $10.94, NRG Energy (NYSE:NRG) traded -0.73% lower on the day. With the last close down -16.71% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. NRG has recorded a 50-day moving average of $11.11 and a 200-day moving average of $13.15. 1,755,896 shares of the stock traded hands, down from an avg. volume of 5,308,480
See Chart Below
With a market cap of $0, NRG Energy has 52 week low of $8.80 and a 52 week high of $18.32 .
Also covering NRG Energy's target, a total of 14 analysts have released a research note on NRG. The 12-month price target is $18.50 with zero brokerages rating the company a strong buy, zero equity analysts rating the company a buy, zero brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 firms rating the stock a sell.
About NRG Energy (NYSE:NRG)
NRG Energy, Inc. (NRG) is an integrated power company that produces, sells and delivers energy, and energy products and services in various power markets in the United States. The Company's segments include NRG Business, which includes power generation, the carbon capture business and energy services; NRG Home, which includes NRG Home Retail, which consists of residential retail services and products, and NRG Home Solar, which includes the installation and leasing of residential solar services; NRG Renew, which includes solar and wind assets, excluding those in the NRG Yield and NRG Home Solar segments; NRG Yield, and corporate activities. NRG Yield includes certain of the Company's contracted generation assets. Its corporate segment includes Boston Energy Trading and Marketing LLC (BETM), international business and electric vehicle services. It owns and operates approximately 50,000 megawatts of generation, and engages in the trading of wholesale energy, capacity and related products.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.