NRG Energy stock falls 2.85 percent after Morgan Stanley cut its target

Published on 09/25/2026 at 11:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NRG Energy stock missed adjusted EPS consensus in Q2 2026 by 10.2 percent, while revenue rose 11 percent year over year. Guidance stayed at USD 7.90-9.90 adjusted EPS.

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NRG Energy (ISIN US6293775085) stood at USD 97.85 on the NYSE on September 24, 2026, down USD 2.87 or 2.85 percent from the previous close. The decline followed a September 18, 2026 decision by Morgan Stanley to cut its NRG price target from USD 162 to USD 159 while maintaining an Equalweight rating.

Morgan Stanley lowers its target

According to MarketScreener on September 18, 2026, Morgan Stanley reduced its target by USD 3 and retained its Equalweight view. The new target stood 62.6 percent above the September 24 price, making the valuation gap a central part of the current analyst debate.

NRG's market capitalization was USD 20,644,980,100 on September 24, 2026, while trading volume reached 2,544,407 shares. The stock's 52-week range was USD 97.52 to USD 189.96, placing the reference price 0.34 percent above the yearly low.

Q2 revenue rose while EPS missed

For the second quarter of 2026, Yahoo Finance reported adjusted EPS of USD 1.49 against a consensus estimate of USD 1.66, a 10.2 percent miss. Adjusted EPS also fell 11.3 percent from USD 1.68 in the year-ago quarter.

Revenue provided a counterweight, reaching USD 7.48 billion in Q2 2026 versus USD 6.74 billion a year earlier, an 11 percent increase. NRG maintained its 2026 adjusted EPS guidance at USD 7.90-9.90, alongside adjusted net income guidance of USD 1.685-2.115 billion, according to Yahoo Finance.

Texas project tests growth plans

NRG is also advancing a 1.2-gigawatt natural gas generation project designed to support a Texas data center development. MarketScreener reported on September 8, 2026, that the project entered ERCOT's Batch Zero process as a conditional studied load. The remaining study, verification and interconnection steps leave execution as a measurable counterweight to the data center growth narrative.

Stock trades near yearly low

NRG Energy stock stood at USD 97.85 on the NYSE on September 24, 2026. The session range was USD 97.52 to USD 100.16, with the daily change at minus 2.85 percent.