NRG Energy initiated with an Overweight at Barclays

Barclays analyst Nicholas Campanella initiated coverage of NRG Energy (NRG) with an Overweight rating and $197 price target NRG is an energy company that conducts competitive power and natural gas sales within the U.S., with a home services business line that complements its overall growth strategy, the analyst tells investors in a research note. The firm sees NRG as having one of the more tangible upside sensitivities to power prices “at one of the cheapest valuations” for investors to gain exposure to the independent power producer sector.