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Jefferies analysts upgrades a Buy rating for NRG Energy Inc (NRG)

NRG Energy Inc’s recent filing unveils that its Officer ROBERT GAUDETTE acquired Company’s shares for reported $5.48 million on Jan 02 ’25. In the deal valued at $91.41 per share,60,000 shares were bought.

Then, Elisabeth Donohue bought 1,082 shares, generating $101,437 in total proceeds.

Before that, Patel Rasesh M. sold 102,603 shares. NRG Energy Inc shares valued at $8,244,151 were divested by the President, NRG Consumer at a price of $80.35 per share. As a result of the transaction, Patel Rasesh M. now holds 163,680 shares, worth roughly $16.12 million.

Jefferies upgraded its NRG Energy Inc [NRG] rating to a Buy from a a Hold in a research note published on November 26, 2024; the price target was increased to $113 from $93. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid September with a ‘”a Hold”‘ rating. Wells Fargo began covering NRG with “an Overweight” recommendation on January 23, 2024. UBS revised its rating on November 06, 2023. It rated NRG as “a Neutral” which previously was an “a Sell”.

Price Performance Review of NRG

On Friday, NRG Energy Inc [NYSE:NRG] saw its stock jump 6.20% to $98.50. Over the last five days, the stock has gained 6.10%. NRG Energy Inc shares have risen nearly 9.18% since the year began. Nevertheless, the stocks have risen 90.63% over the past one year. While a 52-week high of $103.14 was reached on 01/03/25, a 52-week low of $50.23 was recorded on 01/02/25. SMA at 50 days reached $93.52, while 200 days put it at $82.81.

Levels Of Support And Resistance For NRG Stock

The 24-hour chart illustrates a support level at 94.41, which if violated will result in even more drops to 90.32. On the upside, there is a resistance level at 101.63. A further resistance level may holdings at 104.75. The Relative Strength Index (RSI) on the 14-day chart is 60.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.69%. Stochastics %K at 52.69% indicates the stock is a holding.

How much short interest is there in NRG Energy Inc?

A steep rise in short interest was recorded in NRG Energy Inc stocks on 2024-12-13, growing by 1.43 million shares to a total of 10.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 9.41 million shares. There was a rise of 13.22%, which implies that there is a positive sentiment for the stock.

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