NRG Energy shares surge 5.90% after-hours as UBS initiates Buy rating with $211 price target.

NRG Energy surged 5.90% in after-hours trading, driven by UBS initiating coverage with a Buy rating and $211 price target, highlighting the company’s strong free cash flow and diversified growth drivers. This followed a downward revision in PJM’s summer 2027 demand forecast, which contrasted with long-term projections of 17% electricity demand growth by 2030, particularly from data centers. Analysts at BMO Capital and Wells Fargo also raised price targets to $195 and $202, respectively, citing NRG’s solid Q3 performance and strategic positioning in the energy transition. The DCF analysis from Simply Wall St further reinforced optimism, indicating the stock trades at a 74.4% discount to intrinsic value. Collectively, these factors—positive analyst sentiment, long-term demand tailwinds, and undervaluation metrics—propelled the after-hours rally.