NRG Energy price target raised to $132 from $113 at Jefferies

Jefferies raised the firm’s price target on NRG Energy (NRG) to $132 from $113 and keeps a Buy rating on the shares. The firm increased its 2026-2028 EBITDA estimates by $200M on average for Texas power mark-to-market and additional generation assets, the analyst tells investors. A data center deal has yet to be announced, but the current price provides an entry point with little data center revenue priced in, notes the analyst, who adds that management has “committed to steady progress on data center deal rather than 1Q splash.”