Checking the Overall Picture for NRG Energy, Inc. (NRG)

NRG Energy, Inc. (NRG) is an interesting player in the Utilities space, with a focus on Diversified Utilities. The stock has been active on the tape, currently trading at $22.93, down from yesterday’s close by -0.74%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

It’s important to get a feel for how any stock is actually valued on the market based on its core numbers. NRG Energy, Inc. (NRG) currently trades with a market capitalization of $7.31 Billion.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For NRG, the company currently has $1.22 Billion of cash on the books, which is offset by $1.04 Billion current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $109 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $1.11 on a per share basis this quarter. Perhaps, that suggests something about why 46.39% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how NRG has been acting. Looking at the stock’s movement on the chart, NRG Energy, Inc. recorded a 52-week high of $26.25. It is now trading 3.32% off that level. The stock is trading $23.91 its 50-day moving average by 0.98%. The stock carved out a 52-week low down at $9.84.

In recent action, NRG Energy, Inc. (NRG) has made a move of -9.19% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 88.98, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 6.51% with $314.61 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of NRG.

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