NRG Energy: Melius Research initiates coverage with Buy rating, $308 PT.

NRG Energy: Melius Research initiates coverage with Buy rating, $308 PT.

Melius Research has initiated coverage of NRG Energy (NYSE:NRG) with a Buy rating and a price target of $308. The research firm's analysts highlighted the company's strategic expansion into the Texas market and its robust financial performance as key drivers behind the positive outlook.

NRG Energy recently announced a dual listing of its common stock on NYSE Texas, the newly launched, fully electronic equity exchange headquartered in Dallas, Texas. This move is part of the company's broader strategy to leverage its deep Texas roots and capitalize on the state's growing energy market [1]. The dual listing will not affect the company's primary listing on the New York Stock Exchange, and it will trade under the same ticker symbol, "NRG," on both exchanges.

In its second quarter of 2025 earnings report, NRG Energy posted an adjusted earnings per share (EPS) of $1.73, which fell short of the analysts' forecast of $1.80. However, the company saw an 8% year-over-year growth in EPS and reported revenue of $6.74 billion, exceeding expectations of $6.41 billion [3]. These results underscore NRG Energy's strong performance and provide valuable insights into its financial health.

Melius Research's analysts noted that NRG Energy's value stock appeal and long-term growth prospects make it an attractive investment opportunity. They also pointed out that the company's recent strategic initiatives, such as its dual listing on NYSE Texas and its expansion into the Texas gas plant market, are likely to drive further growth and enhance shareholder value [2].

Investors should closely monitor NRG Energy's progress and stay informed about its future strategic moves. The company's dual listing on NYSE Texas and its strong financial performance position it well for continued success in the competitive energy sector.

References:
[1] https://seekingalpha.com/news/4486553-nrg-energy-reports-dual-listing-on-nyse-texas
[2] https://www.ainvest.com/news/nrg-energy-3-36-slide-216m-texas-plant-loan-243rd-daily-trading-volume-2508/
[3] https://www.investing.com/news/company-news/nrg-energy-adds-dual-listing-on-newly-launched-nyse-texas-93CH-4197817