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NRG Energy, Inc. - NRG STOCK NEWS

Welcome to our dedicated page for NRG Energy news (Ticker: NRG), a resource for investors and traders seeking the latest updates and insights on NRG Energy stock.

NRG Energy, Inc. (NRG) is a leading integrated power company in the United States, recognized for its commitment to providing cleaner and smarter energy solutions. With a diverse portfolio of power generating facilities capable of producing more than 50,000 megawatts, NRG Energy supports nearly one-third of the U.S. population. This Fortune 200 company operates a variety of energy resources, including coal, gas, and oil power plants, with a significant presence in Texas where it manages 13 gigawatts of capacity.

NRG Energy's retail electricity providers serve nearly 6 million customers across all 50 states and the District of Columbia. The company's acquisition of Vivint Smart Home in 2023 expanded its customer base by an additional 2 million home services customers, emphasizing NRG's role as one of the largest retail energy providers in the U.S.

NRG has been at the forefront of the energy transition, being a pioneer in developing some of the largest solar power projects and the nation's first privately funded electric vehicle charging infrastructure. They provide customers with the latest smart energy solutions, helping them better manage and optimize their energy use.

Financially, NRG emerged from Chapter 11 bankruptcy in December 2003 and has since been operating as a stand-alone entity. The company's recent activities include the sale of the Hunterstown power generation facility to LS Power, as announced on January 16, 2024. This facility is a combined-cycle gas turbine plant located in Gettysburg, Pennsylvania, providing 810 MW to the PJM grid, enough to supply energy to over 600,000 homes.

NRG's commitment to innovation and sustainable energy solutions positions it as a significant player in the energy sector, continuously adapting to changing market dynamics and customer needs.

News

NRG Announces Changes in Leadership

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NRG Energy Inc. announces Elizabeth Killinger's retirement as EVP of NRG Home, with Rasesh Patel appointed as President of NRG Consumer. Patel will oversee Smart Home and Home Energy segments. Killinger to remain as advisor until January 2025. Patel's extensive experience in technology and customer-focused roles positions NRG for future growth.
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NRG Energy, Inc. Reports Full Year 2023 Financial Results

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NRG Energy, Inc. reported strong financial performance in 2023 despite a full year net loss of $202 million, driven by unrealized non-cash mark-to-market losses. Adjusted EBITDA for 2023 was $3.3 billion, with Free Cash Flow Before Growth at $1.9 billion. The company reaffirmed its 2024 guidance, returning $1.5 billion to shareholders in 2023 and committing to returning almost $5.5 billion over the next four years.
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Celebrating Black Excellence: Amplifying Our Partners' Voices

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NRG Energy celebrates Black History Month by highlighting Bread of Life's impactful work in Houston. Bread of Life, a nonprofit founded in 1992, focuses on addressing food insecurity and supporting underserved communities. Through collaboration with NRG, Bread of Life extends its reach and impact, showcasing success stories like receiving grants for behavioral and mental health support.
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NRG People Power: Get to Know Jamie Guinn

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NRG Energy Insights introduces the Managing Director of Integrated Channels, Jamie Guinn, in their latest blog. The company is focused on providing sweet offers and getting to know the people behind their products and services.
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Four Pittsburgh-Area Nonprofits Share $50K in Donations from “NRG Gives” Program

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NRG, a leading consumer services and energy company, recently revealed the results of its annual charitable-giving program NRG Gives, awarding a total of $100,000 to nonprofits across Pennsylvania and New Jersey. Four Pittsburgh-area nonprofits will collectively receive $50,000 in donations, with the four nonprofits with the most votes receiving $15,000 each and the remaining four receiving $10,000 each. The final awards were given to Beverly’s Birthdays, BikePGH, Hannahtopia Foundation, and Lower Valley Community Food Bank, for their commendable work in providing birthday cheer for children experiencing homelessness, transforming the streets of Pittsburgh for biking and walking, bringing happiness and hope to those living with epilepsy, and serving the communities with essential food support, respectively.
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NRG Energy, Inc. Announces Quarterly Dividend

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NRG Energy, Inc. (NRG) has declared a quarterly dividend of $0.4075 per share, representing an 8% increase from the prior year. The annualized dividend is $1.63 per share, in line with the company's annual growth rate target of 7-9% per share. The dividend will be payable on February 15, 2024, to stockholders of record as of February 1, 2024.
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NRG Energy, Inc. to Report Full Year and Fourth Quarter 2023 Financial Results on February 28, 2024

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NRG Energy, Inc. (NYSE:NRG) is set to announce its full year and fourth quarter 2023 financial results on February 28, 2024. The results will be presented during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST). The press release will be available on the company's website, and a live webcast can be accessed at investors.nrg.com. A replay will also be available for those unable to listen in real time.
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PLATINUM EQUITY TO SELL HUNTERSTOWN POWER GENERATION FACILITY TO LS POWER

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Platinum Equity has signed an agreement to sell the Hunterstown power generation facility and related assets to LS Power. The facility is a combined-cycle gas turbine generating power plant providing 810 MW to the PJM (Met-Ed) 500kV grid, with enough to supply more than 600,000 homes. The transaction is expected to close in the second quarter of 2024. The sale is a result of Platinum Equity's meaningful investment and strong operational performance of the facility. The debt structure of Hunterstown also made it attractive to prospective buyers. Platinum Equity acquired the facility in 2018 from GenOn, a unit of NRG Energy Inc., which had filed for bankruptcy protection in June 2017.
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Direct Energy Chosen to Serve Boston Community Choice Electricity Program

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Direct Energy Services, LLC (NRG) proudly serves more than 200,000 households and businesses as the supplier of the City of Boston’s Community Choice Electricity Program, providing affordable, reliable, and renewable electricity options. The program offers two renewable electricity products with more renewable electricity content than the utility Basic Service and at a lower cost, helping Bostonians reduce their carbon footprint. Direct Energy now provides renewable electricity to more than 24 municipalities and 400,000 customers in Massachusetts. The company's Standard (Default) product delivers 62.5% more Massachusetts Class I renewable power to consumers than the utility product and the Massachusetts Renewable Portfolio Standard at a rate nearly 15% lower than Eversource’s proposed rate. With the GREEN 100 product, Direct Energy delivers 100% Massachusetts Class I renewable electricity to consumers at a rate below Eversource’s. The program empowers electricity customers to make simple, convenient choices that make a difference in their own lives and community.
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NRG Energy, Inc. Announces Early Results of its Cash Tender Offers

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NRG Energy, Inc. (NRG) announced the early results of its Tender Offer to purchase for cash up to $620 million aggregate principal amount of its outstanding senior notes. $681.4 million aggregate principal amount of the 2032 Notes were validly tendered and not validly withdrawn, representing a proration factor of approximately 91%. NRG does not expect to accept for purchase any Notes tendered after the Early Tender Date. The Tender Offer is scheduled to expire on December 6, 2023.
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FAQ

What is the current stock price of NRG Energy (NRG)?

The current stock price of NRG Energy (NRG) is $96.89 as of November 21, 2024.

What is the market cap of NRG Energy (NRG)?

The market cap of NRG Energy (NRG) is approximately 20.2B.

What is NRG Energy, Inc.?

NRG Energy, Inc. (NRG) is a leading integrated power company in the U.S., known for its diverse energy portfolio and smart energy solutions.

How many customers does NRG Energy serve?

NRG Energy serves nearly 6 million retail electricity customers across all 50 states and D.C. Additionally, through its subsidiary Vivint Smart Home, it serves 2 million home services customers.

What are NRG Energy's power generation capabilities?

NRG Energy's power generating facilities have a capacity of over 50,000 megawatts, supporting nearly one-third of the U.S. population.

What significant acquisitions has NRG Energy made?

In 2023, NRG Energy acquired Vivint Smart Home, adding 2 million home services customers to its base.

What recent developments involve NRG Energy?

NRG Energy recently sold the Hunterstown power generation facility to LS Power, as announced on January 16, 2024.

What sets NRG Energy apart in the energy sector?

NRG Energy is a pioneer in cleaner and smarter energy solutions, including major solar projects and the first privately funded EV charging infrastructure.

How did NRG Energy emerge from bankruptcy?

NRG Energy exited Chapter 11 bankruptcy as a stand-alone entity in December 2003.

Where are NRG Energy’s operations predominantly located?

NRG Energy has significant operations in Texas, managing 13 gigawatts of coal, gas, and oil power generation capacity.

What is the significance of the Hunterstown facility?

The Hunterstown facility is a combined-cycle gas turbine plant in Gettysburg, PA, providing 810 MW to the PJM grid, enough for over 600,000 homes.

What is NRG Energy’s approach to innovation?

NRG Energy is committed to innovation by providing smart energy solutions to customers and investing in sustainable energy projects.

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NRG Energy, Inc.

NYSE:NRG

NRG Rankings

#553 Ranked by Market Cap
#1491 Ranked by Dividends

NRG Stock Data

20.18B
196.67M
2.87%
101.6%
4.48%
Utilities - Independent Power Producers
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United States of America
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