NRG Energy price target raised to $202 from $198 at Seaport Research

Seaport Research analyst Angie Storozynski raised the firm’s price target on NRG Energy (NRG) to $202 from $198 and keeps a Buy rating on the shares. Cash flows of thermal independent power producers are on the rise due to higher power and capacity prices, lower interest rates, and no cash taxes, the analyst tells investors in a research note. The firm expects more datacenter power deal announcements, as well as additional M&A and positive earnings revisions for thermal IPPs before the end of the year.