NRG Energy Exceeds Street Expectations: Analyst Dives Into Its Cumulative Cash Flow And Debt Reduction Targets
Portfolio Pulse from Lekha Gupta
BofA Securities analyst Julien Dumoulin-Smith reiterated a Buy rating on NRG Energy Inc (NYSE:NRG) with a price target of $42, as the company's cumulative cash flow target of around $10.5 billion and debt reduction targets exceed Street expectations. The analyst expects half of the growth capital ($700 million) to be used for three new gas plants in Texas.
June 22, 2023 | 7:42 pm
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BofA Securities analyst Julien Dumoulin-Smith reiterated a Buy rating on NRG Energy Inc (NYSE:NRG) with a price target of $42, as the company's cumulative cash flow target of around $10.5 billion and debt reduction targets exceed Street expectations.
The analyst's Buy rating and price target of $42 indicate a positive outlook for NRG Energy's stock price. The company's cumulative cash flow target and debt reduction targets exceeding Street expectations suggest strong financial performance, which is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100