The shares of NRG Energy Inc . (NYSE:NRG) saw a decrease of $0.32 or -0.70% in the last trading session, closing at $45.42. Despite this slight dip, the stock has shown impressive growth this year, with shares up by 42.74% year-to-date.
In the week leading to today, NRG's shares increased by 7.17%, and they rose by 14.41% over the past 30 days. The stock's weekly high was reached on Tuesday, when it hit $46.82, marking a daily price increase of 2.99%.
Analysts have a consensus price target for NRG at $47.50, which would require a 4.38% increase from the current price. They project that the stock could reach a low of $40 and a high of $56.
In terms of institutional ownership, Vanguard Group Inc is the largest investor in NRG with a 13.12% stake, followed by Blackrock (NYSE:BLK) Inc., which holds a 10.13% stake. Overall, institutional investors hold 102.51% of NRG's shares.
The company has also seen strong revenue estimates for fiscal year 2023, with expectations of a growth by 1,293.10% this quarter and an increase by 231.50% in the next quarter compared to previous year sales.
However, earnings are expected to decrease slightly by -1.05% in 2023, but the outlook remains positive for the next five years.
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