Melius initiates NRG Energy stock with Buy rating on acquisition strategy

Investing.com - Melius Research initiated coverage on NRG Energy (NYSE:NRG) with a Buy rating and a price target of $308.00 on Wednesday. The stock has shown remarkable strength, delivering a 66% return year-to-date. According to InvestingPro data, the company’s current market capitalization stands at $28.6 billion, with management actively buying back shares.

The research firm cited NRG’s integrated generation and retail model, which supplies 16 GW of generation capacity including natural gas, coal, nuclear, solar and wind assets.

NRG currently serves over 8 million residential and business customers across its retail operations, according to Melius.

The firm highlighted NRG’s pending acquisition of 18 natural gas fired power plants across nine U.S. states, representing 13 GW of generation capacity from ECP.

The acquisition also includes a leading commercial and industrial Virtual Power Plant with 6 GW capacity, further expanding NRG’s energy portfolio.

In other recent news, NRG Energy reported its financial results for the second quarter of 2025. The company revealed an adjusted earnings per share (EPS) of $1.73, which fell short of analysts’ forecast of $1.80. Despite this, NRG Energy’s revenue for the quarter was $6.74 billion, exceeding expectations of $6.41 billion and marking a 5.15% surprise. Additionally, NRG Energy announced a dual listing of its common stock on NYSE Texas, a newly launched electronic equities exchange based in Dallas. The company will maintain its primary listing on the New York Stock Exchange while trading under the same ticker symbol on NYSE Texas. These developments reflect ongoing changes and adjustments within NRG Energy as it navigates market expectations and expands its trading platforms.

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