Goldman Sachs analyst Carly Davenport initiated coverage of NRG Energy (NRG) with a Buy rating and $129 price target The firm believes NRG’s base business has “robust” free cash flow power, which should be supportive of attractive capital returns to shareholders. Further, there is upside not priced in around generation additions, front of the meter data center deals, and cross selling in the SmartHome segment, the analyst tells investors in a research note.
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