Between 2019 and the second quarter of 2024, Appaloosa Management held no shares of NRG Energy, Inc. The fund first bought NRG in the second quarter of 2017 with 1.2 million shares worth $21.5 million, then increased its stake to 8.4 million shares worth $216 million by the end of the third quarter of 2017. Morgan Stanley raised its price target on NRG to $162 from $159 on May 21st while maintaining an Equal Weight rating. NRG reported first-quarter revenue of $10.26 billion, up from $8.59 billion a year earlier, but earnings per share of $1.49 missed analyst estimates of $1.78.
NRG Energy Inc.NRG's Q1 earnings per share missed analyst estimates, despite revenue growth.
Morgan Stanley