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NRG Energy (NRG) Incurs Wider-Than-Expected Q1 Loss

Princeton, NJ-headquartered NRG Energy Inc. NRG is engaged in the production, sale and delivery of energy and energy products and services to residential, industrial and commercial consumers in major competitive power markets in the U.S.

Currently, NRG Energy is focused on expanding its 4,677 megawatt (MW) renewable portfolio and is implementing measures to minimize emission during operations. The company also completed the integration of residential solar into the NRG Energy platform. With its renewable asset addition program, NRG Energy is well poised to benefit from the extension of the Investment Tax Credit (ITC) for solar and Production Tax Credit (PTC) for wind.

Estimate Trend & Surprise History

Investors should note that the first quarter 2017 Zacks Consensus Estimate stands at a loss of 41 cents, the loss became wider by 30 cents over the last 90 days.

Coming to the earnings surprise, NRG Energy has surpassed the Zacks Consensus Estimate in three of the last four quarters, resulting in a positive average surprise of 260.74%.

Zacks Rank: Currently, NRG Energy has a Zacks Rank #3 (Hold) but that could change following its first quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key details from the just-released announcement below:

Earnings:  NRG Energy’s posts wider than expected loss per share. Our consensus called for a loss of 41 cents, and the company reported a loss of 52 cents per share.

NRG Energy, Inc. Price and EPS Surprise


NRG Energy, Inc. Price and EPS Surprise | NRG Energy, Inc. Quote

Revenue: The Company missed the revenue estimates. NRG Energy posted revenues of $2,759 million in the quarter, compared to our consensus estimate of $3,295 million.

Key Stats to Note: During the first quarter 2017, NRG Energy completed its 311 MW Solar Asset Drop Down.

Stock Price:  It would be interesting to see how the market reacts to the results during the trading session today.

Check back later for our full write up on this NRG Energy earnings report!

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