Jim Cramer Recently Discussed These 10 S&P 500 Stocks

2. NRG Energy, Inc. (NYSE:NRG)

Number of Hedge Fund Holders: 54

NRG Energy, Inc. (NYSE:NRG) is one of the stocks listed in our article, Jim Cramer recently discussed these 10 S&P 500 stocks. The company was second on the list of S&P 500 winners in the first six months of 2025, and Cramer stated:

“Next up is NRG Energy, which was the second best performer, up 78%. This Houston-based power generation utility is roaring thanks to the insatiable demand for electricity in the year of AI data centers. Lately, these power generation utilities have been huge winners. I mean, we saw it with Constellation Energy, Vistra. It’s happening again with NRG. However, NRG is only partly an independent power producer.

[The] company also has a residential utility as well as a home solar business. And as the Wall Street Journal recently pointed out, it makes a lot of money from derivatives trading. I’m not crazy about that, but it makes NRG more like an energy trading hedge fund in some respects. I’m not crazy about that either, which brings me to the other reason the stock’s having a great year. Back in May, NRG announced it’s acquiring a handful of natural gas fuel power plants along with some other assets from LS Power.

The deal’s valued at $12 billion, though that’s in cash and stock and the assumption of debt. NRG stock jumped 26% the day the deal was announced, and it’s climbed a bit more since then because Wall Street loves the fact that they’re doubling down on power generation. Also, caused a lot of shorts to cover because they were just in there to believe that it was just a big hedge fund.”

NRG Energy (NYSE:NRG) is an energy and home services provider that produces and sells electricity through multiple generation sources. The company delivers smart home technologies and provides retail offerings and energy management services across its customer base.