Latest Analyst Views on Coatue’s Favorite 33 AI Stocks

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

Number of Hedge Fund Holders: 53

NRG Energy, Inc. (NYSE:NRG) operates as an energy and home services company in the United States and Canada. BMO Capital analyst James Thalacker recently raised the price target on the stock to $167 from $115 and kept a Market Perform rating on the shares. In an investor note, the analyst underlined that the company had announced the acquisition of a 12.9GW/6GW C&I VPP portfolio from privately held LS Power for $12.9 billion in cash, stock and assumed debt, and the advisory viewed the announcement positively given the company’s enhanced business profile, visible EPS and free cash flow accretion. BMO added that a re-rating for NRG shares rested upon management’s ability to demonstrate the revenue synergies between its traditional energy business and Vivint’s higher margin and longer customer retention model.

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