NRG - NRG Energy, Inc.
| Previous close | 39.33 |
| Open | 39.38 |
| Bid | 39.42 x 1000 |
| Ask | 39.40 x 3100 |
| Day's range | 39.23 - 39.66 |
| 52-week range | 32.63 - 43.66 |
| Volume | 2456648 |
| Avg. volume | 2,631,869 |
| Market cap | 9.9B |
| Beta (5Y Monthly) | 0.75 |
| PE ratio (TTM) | 10.35 |
| EPS (TTM) | 3.81 |
| Earnings date | 26 Feb 2020 - 2 Mar 2020 |
| Forward dividend & yield | 0.12 (0.31%) |
| Ex-dividend date | 2019-10-31 |
| 1y target est | 48.22 |
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Is NRG Energy (NRG) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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Inspire Announces the Appointment of Two Clean Technology Pioneers to its Board
Inspire, one of the fastest-growing clean technology companies in the U.S., today announced the appointment of clean energy leaders David Crane and Andrew Beebe to its Board. The industry pioneers join at a time when Inspire is experiencing record growth of its clean energy and connected home subscription service: In the last two years alone, the company has seen more than 130 percent revenue growth and over 120 percent membership growth.
- Bloomberg
Texas’ Power Market Reaps the Wind (and Sun)
(Bloomberg Opinion) -- The Texas power market is a gamble. Generators seeking the occasional windfall from price spikes weigh the odds on temperature, wind-speed, the economy and, crucially, how much capacity their rivals are starting up or shutting down.Regarding the latter, they get some guidance from the state grid operator every six months in the form of projections of how much power Texas will need and how much capacity will be there to meet it. One closely watched figure is the reserve margin, or the buffer of spare capacity. The Electric Reliability Council of Texas, or ERCOT, targets 13.75% of peak demand, but plant closures (and some record heatwaves) have pushed it well below that. A tighter margin makes it more likely that scarcity pricing kicks in, generating windfalls for power plants. This is great for merchant generators such as NRG Energy Inc. and Vistra Energy Corp.However, ERCOT’s latest report, released earlier this month, prompted a sell-off in both. Because, after several years of declines in the reserve margin, ERCOT sees the buffer stabilizing and widening out again.Next year doesn’t look like a problem for generators, as the margin is expected to remain tight (plus ERCOT has revamped its scarcity-pricing mechanism in a favorable way). Beyond that, however, a bigger reserve makes summer windfalls less likely. Virtually all of the new capacity is wind and, especially, solar power. With no fuel cost, these sources depress power prices when they run and can take away the punch-bowl of scarcity pricing.ERCOT tends to overestimate the amount of new capacity that will actually get built. But one interesting wrinkle in the latest report shows there is another way in which renewable sources loosen the market: rising efficiency.When ERCOT makes its projections, it estimates how much each type of power source will actually run. It just tweaked these up for solar and wind versus where they were in May. We’re only talking a few percentage points: 5 for coastal wind, about 3.5 for inland wind and 2 for solar. Through 2024, they provide an extra 1.5 gigawatts of summer peak capacity on average. That may not sound like much in a roughly 75-80 gigawatt market. But it plays an outsize role in boosting those projected reserve margins versus where they stood in May. ERCOT adjusts its capacity factors based on historical observations, and performance has been improving for wind turbines and solar farms. BloombergNEF calculates the capacity factors for wind and solar power in Texas during the peakiest hours of the summer. Inland wind-power efficiency, in particular, has been on the rise for years.This makes sense: Newer, bigger turbines are more efficient and, as new projects go up, they will use the latest technology.In a report published in October, BloombergNEF’s analysts estimate that just an extra 1 gigawatt of solar capacity online this August would have sucked $2.8 billion of wholesale revenue out of the market. Shutdowns of older plants can shift those odds back (as Vistra showed with big coal-plant closures announced in 2017), but that comes at the expense of market share.This is the vise that is tightening slowly on Texas’ wholesale power market. Generators should enjoy another good run next summer, weather permitting. But the addition of new wind turbines and solar farms will keep shifting the odds away from them.To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
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Is NRG Energy (NRG) a Suitable Stock for Value Investors?
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Is NRG Energy (NRG) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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