- NRG Energy’s Adjusted Ebitda for Q2 was $935 million, up 14% year-over-year.
- The Adjusted Ebitda estimate was $875.2 million, meaning they beat the estimate.
- Cash from operating activities totaled $1.06 billion.
- Earnings per Share (EPS) were $3.37, up significantly from $1.25 year-over-year.
- Revenue for Q2 was $6.66 billion, marking a 4.9% increase year-over-year.
- Revenue estimates had been $8.51 billion from 2 different estimates, which the reported revenue did not meet.
- For the year, NRG Energy continues to forecast Adjusted Ebitda in the range of $3.30 billion to $3.55 billion, against an estimate of $3.36 billion.
- Stock ratings: 4 buys, 5 holds, and 2 sells.
Nrg Energy Inc on Smartkarma
Analyst coverage of Nrg Energy Inc on Smartkarma by Baptista Research focuses on the company’s positive outlook. In the research report titled “NRG Energy Inc.: Initiation of Coverage – Expansion of Smart Home and Consumer Energy Platforms Is A Key Growth Catalyst! – Financial Forecasts,” Baptista Research highlights NRG Energy’s strong start in 2024, surpassing expectations and affirming its financial guidance for the year. The report underscores NRG’s strategic positioning to benefit from transformative trends in power demand, including electrification, generative AI, and data center growth, promising a favorable landscape for the power sector.
Baptista Research‘s analysis emphasizes NRG Energy’s potential to capitalize on tightening supply and demand dynamics in key markets, supported by its diverse generation portfolio and consumer technology platform. The overall sentiment portrayed in the report leans bullish, pointing towards optimistic prospects for Nrg Energy Inc as it navigates the evolving energy landscape.
A look at Nrg Energy Inc Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 2 | |
Dividend | 3 | |
Growth | 5 | |
Resilience | 2 | |
Momentum | 4 | |
OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
NRG Energy Inc, a company in the energy sector, has a favorable long-term outlook based on its Smartkarma Smart Scores. Assessing the different factors, NRG Energy Inc scores well in Growth and Momentum, with a strong score of 5 and 4 respectively. This indicates positive prospects for the company’s expansion and overall market momentum.
While the Value and Resilience scores are moderate at 2, the Dividend score stands at 3, providing investors with a potential source of income. Overall, NRG Energy Inc’s Smart Scores suggest a promising long-term trajectory within the energy industry, showcasing growth potential and market momentum.
Summary of the company description: NRG Energy, Inc. owns and operates a diverse portfolio of power-generating facilities, primarily in the United States. The Company’s operations include energy production and cogeneration facilities, thermal energy production, and energy resource recovery facilities.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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