Analyst Consensus ?
ConsensusBuy27 ratings
Bullish1970.4%
Neutral725.9%
Bearish13.7%
NRG Energy, Inc. · NRG · FY2024 Q4 · Calendar Q1 2025
NRG: Data-center growth plan advances while guidance is maintained
The supplied analysis supports a constructive but execution-dependent view: NRG sees durable power-demand growth from data centers and industrial loads, while the investment case depends on converting LOIs, securing equipment and funding, and navigating regulation.
Reported Before market openNYSEUtilities
$20.98B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $1.04
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $7.82B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+10.6%
Event window
SPY move
+0.1%
Same window
Abnormal move
+10.6%
Stock minus SPY
Volume
1.9×
Versus trailing sessions
Subsequent drift
-14.1%
Up to 20 sessions
NRGSPY benchmark
Ask FN2 about NRG FY2024 Q4
Transcript, numbers and history already loaded
What drove NRG's +10.6% move after FY2024 Q4 earnings?What changed in NRG's guidance and outlook in FY2024 Q4?Give me the bull and bear case for NRG after FY2024 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis shifts emphasis toward execution of a larger data-center strategy: 5.4 GW of planned capacity by 2032, partnerships to accelerate development, and continued expansion of virtual-power-plant and smart-home services. Guidance was maintained rather than raised.
Guidance delta
Maintained: the supplied analysis says management reaffirmed its 2025 guidance.
Key takeaways
- The supplied analysis describes adjusted EPS of $6.83, up 45% year over year and above guidance.
- NRG is targeting 5.4 GW of data-center-focused capacity by 2032, supported by LOIs and premium PPAs.
- The company highlighted a 10% EPS CAGR target through 2029, shareholder returns, and partnerships intended to accelerate generation projects.
Management priorities
- Develop and commission data-center-focused capacity through 2032.
- Launch a Texas virtual power plant and expand smart-home and consumer services.
- Use partnerships, capital allocation, and operational analytics to support power-demand growth and plant availability.
Follow NRG with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$95.78Current
$46Low
$171.43Average
$221High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 22, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Sep 18, 2026 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Aug 5, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Aug 5, 2026 |
| UBS | Buy | Buy | Maintain | Jul 28, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Jul 28, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jul 28, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Jul 16, 2026 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Mar 18, 2026 |
| Jefferies | Buy | Buy | Maintain | Jan 27, 2026 |
| Seaport Global | Buy | Buy | Maintain | Oct 8, 2025 |
| Citigroup | Buy | Buy | Maintain | Jul 17, 2025 |
| Guggenheim | Buy | Buy | Maintain | May 13, 2025 |
| B of A Securities | Buy | Buy | Maintain | Jul 20, 2023 |
| Goldman Sachs | Buy | Buy | Maintain | Aug 9, 2022 |
| CFRA | Sell | Hold | Downgrade | May 7, 2020 |
| Vertical Research | Hold | Hold | Maintain | Feb 25, 2020 |
| SunTrust Robinson Humphrey | Hold | Hold | Maintain | Sep 17, 2019 |
| Deutsche Bank | Hold | Buy | Downgrade | Jan 28, 2019 |
| Bank of America | Buy | Buy | Maintain | Sep 27, 2018 |
| Macquarie | Outperform | Outperform | Maintain | Sep 20, 2018 |
| Credit Suisse | Outperform | Outperform | Maintain | Dec 7, 2015 |
| Susquehanna | Neutral | Neutral | Maintain | Oct 15, 2015 |
| ISI Group | Strong Buy | Buy | Upgrade | Oct 1, 2014 |
| Tigress Financial | Neutral | Neutral | Maintain | Aug 8, 2014 |
| Drexel Hamilton | Buy | Buy | Maintain | Aug 2, 2013 |
| Wunderlich Securities | Buy | Buy | Maintain | May 8, 2013 |
| Wunderlich | Buy | Buy | Maintain | May 8, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $95.78. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Raymond James | Analyst unavailable | $152 | $99.42 | +58.7% | Oct 21, 2026 |
| Williams Trading | Gabriele Sorbara | $165 | $97.84 | +72.3% | Oct 21, 2026 |
| UBS | Analyst unavailable | $152 | $97.84 | +58.7% | Oct 21, 2026 |
| Seaport Global | Analyst unavailable | $160 | $99.23 | +67.1% | Oct 19, 2026 |
| Jefferies | Analyst unavailable | $131 | $99.23 | +36.8% | Oct 19, 2026 |
| BNP Paribas | Analyst unavailable | $221 | $117.96 | +130.7% | Aug 19, 2026 |
| BMO Capital | Analyst unavailable | $214 | $120.73 | +123.4% | Aug 6, 2026 |
| Scotiabank | Analyst unavailable | $211 | $119.91 | +120.3% | Aug 5, 2026 |
| Evercore ISI | Nicholas Amicucci | $195 | $118.77 | +103.6% | Aug 5, 2026 |
| UBS | Analyst unavailable | $216 | $131.33 | +125.5% | Jul 28, 2026 |
| BMO Capital | Analyst unavailable | $212 | $131.04 | +121.4% | Jul 28, 2026 |
| Barclays | Analyst unavailable | $204 | $136.5 | +113.0% | Jul 28, 2026 |
| Wells Fargo | Analyst unavailable | $209 | $137.9 | +118.2% | Jul 16, 2026 |
| Scotiabank | Analyst unavailable | $226 | $137.84 | +136.0% | Jul 15, 2026 |
| Williams Trading | Gabriele Sorbara | $184 | $136.7 | +92.1% | Jul 6, 2026 |
| Morgan Stanley | David Arcaro | $165 | $141.72 | +72.3% | Jun 24, 2026 |
| Morgan Stanley | Analyst unavailable | $162 | $135.87 | +69.1% | May 21, 2026 |
| Morgan Stanley | Analyst unavailable | $159 | $154.17 | +66.0% | May 1, 2026 |
| Raymond James | Analyst unavailable | $210 | $160.28 | +119.3% | Apr 27, 2026 |
| Morgan Stanley | Analyst unavailable | $154 | $151.67 | +60.8% | Apr 21, 2026 |
| Goldman Sachs | Carly Davenport | $197 | $160.46 | +105.7% | Mar 6, 2026 |
| Raymond James | Analyst unavailable | $225 | $177.33 | +134.9% | Feb 23, 2026 |
| Morgan Stanley | Analyst unavailable | $153 | $173.32 | +59.7% | Feb 17, 2026 |
| Jefferies | Analyst unavailable | $181 | $153 | +89.0% | Jan 27, 2026 |
| Wells Fargo | Shahriar Pourreza | $206 | $152.05 | +115.1% | Jan 20, 2026 |
| UBS | Analyst unavailable | $211 | $164.11 | +120.3% | Dec 9, 2025 |
| Morgan Stanley | Analyst unavailable | $144 | $167.49 | +50.4% | Oct 28, 2025 |
| Wells Fargo | Shahriar Pourreza | $202 | $172.59 | +110.9% | Oct 27, 2025 |
| Morgan Stanley | Analyst unavailable | $145 | $159.5 | +51.4% | Oct 22, 2025 |
| Jefferies | Julien Dumoulin-Smith | $198 | $168.74 | +106.7% | Oct 20, 2025 |
| Seaport Global | Angie Storozynski | $202 | $162.61 | +110.9% | Oct 8, 2025 |
| Barclays | Nicholas Campanella | $197 | $153.32 | +105.7% | Jun 26, 2025 |
| BMO Capital | James Thalacker | $167 | $150.61 | +74.4% | May 14, 2025 |
| BMO Capital | James Thalacker | $94 | $88.73 | -1.9% | Oct 29, 2024 |
| BMO Capital | James Thalacker | $90 | $91.22 | -6.0% | Sep 30, 2024 |
| Jefferies | Julien Dumoulin-Smith | $78 | $79.8 | -18.6% | Sep 12, 2024 |
| Morgan Stanley | David Arcaro | $83 | $85.62 | -13.3% | May 28, 2024 |
| Morgan Stanley | Analyst unavailable | $37 | $32.18 | -61.4% | Dec 9, 2022 |
| BMO Capital | Analyst unavailable | $43 | $33.14 | -55.1% | Dec 8, 2022 |
| UBS | Analyst unavailable | $30 | $34.68 | -68.7% | Dec 7, 2022 |
| Goldman Sachs | Analyst unavailable | $46 | $38.53 | -52.0% | Aug 9, 2022 |
| Morgan Stanley | Stephen Byrd | $46 | $41.19 | -52.0% | May 9, 2022 |
Track every rating change on NRG the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationNRG Energy, Inc., together with its affiliated entities, operates as a comprehensive power utility spanning the United States. Its operations are divided into three main geographical divisions: Texas, East, and West. The company plays a crucial role in generating, distributing, and selling electricity and various related services, serving approximately six million customers across residential, commercial, industrial, and wholesale sectors. Their energy generation capabilities are diverse, drawing from natural gas, coal, oil, solar, nuclear, and battery storage technologies.…
Historical context
All NRG earningsUtilities peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| NEE NextEra Energy, Inc. | FY2026 Q3 · Calendar Q4 2026 | +3.3% | -0.7% | NextEra Maintains Guidance as Backlog and Federal Hubs Expand |
Latest beats and misses
Who reports nextBeat on EPS
- KMIFY2026 Q3 · October 21, 2026+9.2% EPS+1.2% move
- TXNFY2026 Q3 · October 21, 2026+7.4% EPS+2.5% move
- SEICFY2026 Q3 · October 21, 2026+3.8% EPS+1.2% move
- CSXFY2026 Q3 · October 21, 2026+7.3% EPS+0.7% move
- IBMFY2026 Q3 · October 21, 2026+3.5% EPS+3.9% move
- SFFY2026 Q3 · October 21, 2026+1.4% EPS-0.6% move
Missed on EPS
- METAFY2026 Q3 · October 21, 2026-41.4% EPS+0.5% move
- LVSFY2026 Q3 · October 21, 2026-20.9% EPS-1.7% move
- MCOFY2026 Q3 · October 21, 2026-2.6% EPS+1.2% move
- CCIFY2026 Q3 · October 21, 2026-2.5% EPS-3.1% move
- PACFY2026 Q3 · October 20, 2026-2.2% EPS+7.1% move
- AGNCZFY2026 Q3 · October 19, 2026-0.6% EPS+0.3% move
Get the NRG recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-02-12T00:00:51.428704+00:00
- Polygon adjusted daily market bars · 2026-10-22T13:40:43.815823+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-22T13:40:43.813054+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-22. For educational purposes only; not investment advice.