Melius Research Launches Coverage on NRG Energy (NRG) Highlighting 16 GW Generation Capacity

NRG Energy, Inc. (NYSE:NRG) ranks among the best performing utilities stocks to buy now. On August 20, Melius Research began coverage of NRG Energy, Inc. (NYSE:NRG) with a price target of $308 and a Buy rating. The firm noted the integrated generation and retail strategy of NRG Energy, Inc. (NYSE:NRG), which provides 16 GW of generation capacity from assets such as coal, nuclear, solar, wind, and natural gas.

Melius also emphasized that NRG Energy, Inc. (NYSE:NRG) will soon acquire 18 natural gas-fired power facilities in nine U.S. states, which amounts to 13 GW of ECP’s generating capacity. The firm added that the power company’s energy portfolio is set to further expand with the acquisition of a top-tier commercial and industrial virtual power plant with a 6 GW capacity.

NRG Energy, Inc. (NYSE:NRG) is a fully integrated power company that produces electricity and provides retail energy services.

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Disclosure: None. This article is originally published at Insider Monkey.