NRG Energy Inc

NRG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$17.00	Mzh	Cqrfblqy

NRG Energy: Texas Regulators Approve New Generation Proposal; Stock Still Rich

Travis Miller

Sep 3, 2024

We are reaffirming our $43 per share fair value estimate for NRG Energy after Texas regulators announced that it is a finalist to receive a state-backed loan to help finance new natural gas generation as part of the $5 billion Texas Energy Fund program. We are also reaffirming our no-moat rating and High Morningstar Uncertainty Rating.

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