We recently published a list of Why These 10 Stocks Soared by Double Digits Today. In this article, we are going to take a look at where NRG Energy, Inc. (NYSE:NRG) stands against other stocks that soared by double digits today.
The stock market kicked off the trading week brimming with optimism after the US and China announced a tariff truce on each other’s goods.
The tech-heavy Nasdaq booked the largest gains among the three major indices, rallying 4.85 percent. The S&P 500 followed with a 3.26-percent increase, and the Dow Jones, with 2.81 percent.
Over the weekend, the US and China reached a 90-day deal to lower tariffs on each other’s imports. US taxes on Chinese imports will drop to 30 percent from 145 percent previously, while China’s tariffs on US imports will drop to 10 percent from 125 percent earlier.
Beyond the major indices, 10 companies finished the week stronger, booking double-digit gains during the day. In this article, we name Monday’s 10 top performers and detail the reasons behind their strong performance.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
Close up image of an engineer inspecting the control panel of a modern power plant.
NRG Energy, Inc. (NYSE:NRG)
NRG Energy soared by 26.21 percent on Monday to end at $150.61 apiece following news that it will acquire LS Power’s gas-fired power plants for $12 billion.
According to the company, it inked a definitive agreement with LS Power for the acquisition of 18 natural gas-fired plants with 13 gigawatts of power capacity.
NRG Energy, Inc. said it expects to complete the transaction in the first quarter of 2026. Upon completion, the acquisition will double the latter’s overall generation capacity to 25 GW.
Commenting on the deal, NRG Energy, Inc. CEO Larry Cohen said that the country “is in the early stages of a power demand supercycle.”
“This acquisition transforms NRG’s generation fleet and broadens our customized product offerings, enhancing our ability to bring the future of energy to millions of customers across the US,” he added.
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This article is originally published at Insider Monkey.