The average brokerage recommendation (ABR) for NRG (NRG) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
HOUSTON, June 10, 2024--Today, NRG Energy Inc. (NYSE: NRG) submitted the first of three loan applications to the Texas Energy Fund (TEF) to develop the previously announced 1,600 megawatts (MW) (1.6 Gigawatts) of new quick-start natural gas power generation in the Electric Reliability Council of Texas (ERCOT). The TEF is administered by the Public Utility Commission of Texas (PUCT).