Morgan Stanley Raises PT on NRG Energy (NRG) Stock

NRG Energy, Inc. (NYSE:NRG) is one of the Best Conservative Stocks to Buy Right Now. On March 23, Morgan Stanley lifted its price objective on the company’s stock to $157 from $153, while keeping an “Equal Weight” rating, as reported by The Fly. The analyst highlighted that the firm has been updating its price objectives for the broader Regulated & Diversified Utilities / IPPs in North America that form part of its coverage.

In February, the utilities sector outperformed the returns delivered by S&P. Additionally, the firm opines that the recent discussions are, more or less, constructive. The companies in this space are highlighting growth opportunities and optimism on load growth, while deal-signings with data centers continue.

In a different release, Wolfe Research analyst Steve Fleishman upgraded NRG Energy, Inc. (NYSE:NRG)’s stock to “Outperform” from “Peer Perform” with a price objective of $190.

The analyst believes that NRG Energy, Inc. (NYSE:NRG)’s LS Power and Rockland Capital asset acquisitions support it in bringing back to the traditional long power generator that possesses upside sensitivity to the tightening of supply and demand.

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