Opinions
Rob Sechan, Managing Partner, New Edge Capital
NRG Energy, Inc.
NRG-N
BUY
Feb 10, 2025
$105.170
Stock price when the opinion was issued
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TOP PICK
Stockchase Research Editor: Michael O'Reilly NRG is an electric utility that services 3.7 million customers. It trades at an 8x PE and earnings are expected to grow 12% next year -- pretty good for a conservative holding. It pays a great dividend backed by a payout ratio of 30%. We would buy this with a $28 top-loss looking to achieve $45 -- 30% upside. Yield 3.56% (Analysts’ price target is $44.67)
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PAST TOP PICK
(A Top Pick Dec 22/20, Up 30.4%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with NRG has achieved its $45 objective. To remain disciplined, we recommend covering half the position and trailing up the stop (from $28) to $36. If triggered, this would all but guarantee a net investment return over 17%.
Utilities
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PAST TOP PICK
(A Top Pick Dec 22/20, Up 4.2%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with NRG has triggered its stop at $36. To remain disciplined, we recommend covering the balance of the position at this time. When combined with the previous recommend to cover half the position, this results in a net investment gain of 17%.
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PARTIAL BUY
Is up 69% since he bought it in January. Is the second-best performer after Palantir. Natural gas will be key to solving the bottleneck in data centre power consumption. The valuation is no longer cheap at 18x. It's a multi-year story, backed by increased loan growth and data centre power consumption.
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