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NRG Energy (NRG) Reports Q1 Adjusted EPS $1.49

NRG Energy, Inc. (NYSE:NRG) is one of the 15 Best Power Generation Stocks To Buy For Data Center Demand.

On May 6, 2026, NRG Energy, Inc. (NYSE:NRG) reported Q1 adjusted EPS of $1.49 compared to $1.73 consensus, while revenue came in at $10.26B versus $8.64B expected. CEO Robert Gaudette said the company’s generation fleet performed well and its retail and commercial businesses continued delivering reliable and affordable power. He added that demand remains strong and that NRG is positioned to capitalize on future opportunities with momentum across the business heading into the summer season. NRG maintained its FY26 adjusted EPS outlook of $7.90-$9.90, compared to consensus estimates of $9.06.

Ahead of the earnings release, Raymond James lowered its price target on NRG Energy, Inc. (NYSE:NRG) to $210 from $220 and maintained a Strong Buy rating. The firm said Q1 results across the independent power producer group were expected to be mixed, with NRG likely facing softer near-term results due to weaker ERCOT weather conditions, lower load, and softer power prices.

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Meanwhile, Morgan Stanley raised its price target on NRG Energy, Inc. (NYSE:NRG) to $159 from $154 and maintained an Equal Weight rating on the shares.

NRG Energy, Inc. (NYSE:NRG), together with its subsidiaries, operates as an energy and home services company in the United States and Canada.

While we acknowledge the risk and potential of NRG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NRG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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