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NRG Energy, Inc. (NRG) Stock Analysis

Score B

Cyclical · Grade D · Bearish

Utilities · Utilities - Independent Power Producers

$123.26

Fair Value

$122.92

-0.3%

Conviction

5/10

Quality

D

Classification

Cyclical

Investment Thesis

Price is above modeled value range. Quality supports holding but not attractive for new positions.

Trading near modeled fair value. No strong quantitative signal.

For New Investors

Price above modeled value range

For Current Holders

Quantitative score: neutral

Buy if

  • Price drops 15-20% (improves asymmetry)
  • Bull scenario catalysts materialize
  • Market-wide correction creates opportunity

Sell if

  • Bear scenario triggers occur
  • Quality metrics deteriorate (ROIC declining)
  • Better alternatives emerge

Valuation

Fair Value estimate: $122.92 (-0.3%). Approximately at fair value.

PEG-Based EPS

$184.88

FCF DCF Model

$144.02

EV/EBITDA

$91.00

Blended Fair Value

$122.92

Confidence

Medium

Methods

PEG-Based EPS, FCF 2-Stage DCF, EV/EBITDA

Quality Analysis

D

50/120 points

Low Quality

ROE (3Y Avg)

29.9%

ROIC-WACC Spread

-2.1%

D/E Ratio

10.0x

Current Ratio

1.6x

Interest Coverage

2x

FCF Positive Years

2/3

Quality Flags

  • ROIC spread: -2.1pp (got 0/25 pts)
  • FCF positive only 2/3 years (13/20 pts)
  • Leverage: D/E 10.0x (0/15 pts)
  • Interest coverage: 2.4x (7/10 pts)
  • Volatile gross margins: std dev 6.9pp (need <3.0pp)

Market Sentiment

Wall Street Consensus

$201.50

+63.5% Upside

17 analysts

Range: $159.00$211.00

Rating: Buy

Our model is slightly more cautious than Wall Street.

Trend & Technical

Bearish

Price ($124.05) is 21.4% below SMA 200 ($157.73). Bearish trend. Caution on entry.

Technical Score38/100

Tech Score 38/100 — FALLING KNIFE. Extreme oversold in bearish trend. High risk — wait for stabilization.

Risk & Reward

Asymmetry Ratio

1.61:1

Expected Return

+5.8%

Bull Upside

+63.2%

Bear Downside

-39.3%

Moderate asymmetry: 1.61:1 ratio. Balanced risk/reward.

Verdict: Neutral

Scenario Analysis

Bear

Base

Bull

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Frequently Asked Questions

What is the fair value of NRG?

Based on our multi-method conviction analysis, the estimated fair value of NRG Energy, Inc. (NRG) is $122.92. This is calculated by blending PEG-Based EPS, FCF 2-Stage DCF, EV/EBITDA and applying a quality premium of 0% based on the company's fundamentals. The confidence level of this estimate is medium.

Is NRG a buy, sell, or hold?

NRG currently has a HOLD rating with a conviction score of 5/10. Price is above modeled value range. Quality supports holding but not attractive for new positions. Price above modeled value range.

Is NRG a high-quality stock?

NRG Energy, Inc. has a quality grade of D (50/120 points), rated as Low Quality. Key metrics include ROE of 29.9%, ROIC-WACC spread of -2.1%, and D/E ratio of 10.0x.

What type of stock is NRG?

NRG is classified as a "cyclical" in our framework. High P/E: 134.8x, Low dividend (reinvesting): 1.5%, Mature growth: 5.6%, High debt: D/E 10.0x, High beta (cyclical behavior): 1.31

What do Wall Street analysts say about NRG?

17 Wall Street analysts have a consensus price target of $201.50 for NRG, representing +63.5% upside. Targets range from $159.00 to $211.00. The consensus recommendation is "Buy". Our model is slightly more cautious than Wall Street.

What are the risks of investing in NRG?

The risk/reward asymmetry ratio for NRG is 1.61:1, rated as Neutral. Moderate asymmetry: 1.61:1 ratio. Balanced risk/reward. The expected return is +5.8%, with bull case upside of +63.2% and bear case downside of -39.3%.

What is the current trend for NRG?

NRG is in a bearish trend. Price ($124.05) is 21.4% below SMA 200 ($157.73). Bearish trend. Caution on entry. The technical score is 38/100.

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Last updated: May 19, 2026 · Framework version 3.7

This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making investment decisions.