Raymond James lowered the firm’s price target on NRG Energy (NRG) to $210 from $220 and keeps a Strong Buy rating on the shares. Q1 is expected to be mixed across the IPP group, with limited broader read-through, the analyst tells investors in a research note. NRG Energy is likely to show weaker near-term results due to softer ERCOT weather, lower load, and weaker power prices, with differing offsets depending on each company’s retail and supply structure, the firm says
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