Nrg Energy, Inc. (NRG)
Utilities · Independent Power Producers & Energy Traders · US stock · S&P 500 component
$103.75
▲ +0.89 (0.87%)
Fair valueUndervalued
$148 +42.9% to fair value
$74fair band $104–$193$222
Day's range
$102.17 – $104.75
52-week range
$93.36 – $188.71
Red flags⚠ Dividend may be at risk
About Nrg Energy, Inc.
NRG Energy is an integrated power company that generates electricity and supplies it to homes and businesses. It runs a fleet of power plants fuelled mainly by natural gas and other sources, and its retail energy brands provide electricity, natural gas and home services to many households. Its customers also include commercial and industrial companies and grid operators who rely on its generation capacity.
Revenue comes from retail electricity and gas bills, power supplied to wholesale markets, and capacity payments. Over the last twelve months it was $33.1 billion, while revenue growth over the last three years was -0.9% a year, a small decline. The operating margin is 6.1%, and the business earns a profit of 6% on the capital invested in it. It carries net debt of 6.3 times EBITDA. The company pays a dividend with a yield of 1.8%. On the site's X-Ray Score it receives 45 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $93.36 – $188.71Volume 2,555,500Daily, split-adjusted
Vitals
Market cap$22.0B
52-week range$93.36 – $188.71
Volume (last day)2,555,500
P/E (TTM)24.9
EBIT / EV yield4.5%
Free-cash-flow yield1.6%
Dividend yield1.8%
Revenue (TTM)$33.1B
Net income (TTM)$849M
Operating margin6.1%
Return on capital5.8%
Debt incl. leases$23.3B
Cash & securities$162M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$148model spread $114 – $159
Undervalued
+42.9% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $104
Undervalued < $104Fair $104 – $193Overvalued > $193
10-year DCF (market-scaled)
$217
Peer multiples
$105
Earnings power floor (not blended)
$12
Fundamentals-adjusted multiple
$122
Growth the price implies
12.3%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, but the price is low
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Utilities peers. Open a lens to see the numbers behind it.
Valuation
Strong
79/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield4.5%
Free-cash-flow yield1.6%
Fair value vs price1.4×
Growth
Weak
30/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-0.9%
EPS growth (3y)-8.1%
Growth consistency80%
Profitability
Weak
37/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital5.8%
Operating margin6.1%
Financial health
Weak
32/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score5 / 9
Net debt / EBITDA6.3×
Interest cover2.0×
Dividends
Weak
41/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield1.8%
Dividends vs free cash flow114%
Dividend growth7.4%
Quarterly results: last 6 quarters
+15.6%
Mar '25
+1.2%
Jun '25
+5.7%
Sep '25
+13.7%
Dec '25
+19.5%
Mar '26
+11.0%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $7.5B, diluted EPS $2.31.
Compare with peers
AES Aes Corp37Other Independent Power Producers & Energy Traders companies by X-Ray Score.
Fundamentals checklist
● 4 Good · ● 3 Average · ● 7 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldGood
Risk models
Altman Z''Bad
Piotroski F-ScoreBad
Growth
EPS growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyAverage
Balance sheet
Current ratioGood
Net debt / EBITDAAverage
Interest coverBad
Valuation
Fair value vs priceGood
EBIT / EV yieldAverage
Profitability
Return on invested capitalGood
Operating marginBad
Each check is graded against the company's sector, not a fixed number. Checklist score 43/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $27.0B | $31.5B | $28.8B | $28.1B | $30.7B |
| Operating income | $3.3B | $2.0B | $384M | $2.4B | $1.8B |
| Net income | $2.2B | $1.2B | −$202M | $1.1B | $864M |
| Operating cash flow | $493M | $360M | −$221M | $2.3B | $1.9B |
| Operating margin | 12.4% | 6.4% | 1.3% | 8.6% | 6.0% |
| Free cash flow | $224M | −$7M | −$819M | $1.8B | $766M |
| Diluted EPS | $8.93 | $5.17 | $-1.12 | $4.99 | $4.01 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
3 bullish · 4 neutral · 9 bearish
Weekly
Strongly bearish
1 bullish · 1 neutral · 10 bearish
Monthly
Bearish
2 bullish · 1 neutral · 5 bearish
Moving averages (daily)
| SMA 10 | 104.4 | Bearish |
| EMA 10 | 103.6 | Bullish |
| SMA 20 | 101.6 | Bullish |
| EMA 20 | 104.0 | Bearish |
| SMA 50 | 109.2 | Bearish |
| EMA 50 | 109.9 | Bearish |
| SMA 100 | 121.7 | Bearish |
| EMA 100 | 119.5 | Bearish |
| SMA 200 | 137.6 | Bearish |
| EMA 200 | 129.7 | Bearish |
Oscillators (daily)
| RSI (14) | 47.96 | Neutral |
| MACD (12, 26) | -1.37 | Bearish |
| Momentum (12) | 8.47 | Bullish |
| Stochastic %K (14) | 61.05 | Neutral |
| Williams %R (14) | -38.95 | Neutral |
| CCI (20) | 38.91 | Neutral |
Pivot points (classic, last session)
S3 99.78 | S2 101.0 | S1 102.4 | Pivot 103.6 | R1 104.9 | R2 106.1 | R3 107.5 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.86 USD
Yield on today's price
1.80%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 3 Aug 2026 | 0.4750 |
| 1 May 2026 | 0.4750 |
| 2 Feb 2026 | 0.4750 |
| 3 Nov 2025 | 0.4400 |
| 1 Aug 2025 | 0.4400 |
| 1 May 2025 | 0.4400 |
| 3 Feb 2025 | 0.4400 |
| 1 Nov 2024 | 0.4080 |
| 1 Aug 2024 | 0.4080 |
| 30 Apr 2024 | 0.4080 |
| 31 Jan 2024 | 0.4080 |
| 31 Oct 2023 | 0.3780 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
NRG SEC filings
4 Aug 2026
10-QSEC EDGAR
Quarterly report
4 Aug 2026
8-KSEC EDGAR
Results of operations
15 Jul 2026
8-KSEC EDGAR
Other events
21 May 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
6 May 2026
10-QSEC EDGAR
Quarterly report
6 May 2026
8-KSEC EDGAR
Results of operations
1 May 2026
8-KSEC EDGAR
Shareholder vote results
28 Apr 2026
8-KSEC EDGAR
Entered a material agreement; Regulation FD disclosure
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.