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Actionable news in NRG: NRG ENERGY Inc,

Did NRG Energy Just Become a Screaming Buy?

NRG Energy Inc. (NYSE: NRG) hit a new 52-week low in Monday’s trading session. Now, many could argue that investors should have been abandoning ship on the long way down. However, one key analyst sees this as an opportunity to buy. Credit Suisse has an Outperform rating for NRG and a $30 price target, which implies an upside of 71% from current prices.

The firm noted that the sharply negative NRG share response to a well-reasoned plan to address market worries was clearly a surprise. Credit Suisse appreciates the frustration with power stock performance, but it still sees enough intrinsic value in NRG shares that it cannot convince itself to take the easy way out by abandoning the stock. In simplest of terms, NRG has a clear path to return 17% of its current market cap to shareholders over the next 15 months through buybacks and dividends.

The company has $251 million of 2015 buybacks still to come, another $150...


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