NRG Energy reinstated with a Buy at Goldman Sachs

Goldman Sachs analyst Carly Davenport reinstated coverage of NRG Energy (NRG) with a Buy rating and $197 price target implying 23% total return. The firm says NRG’s LS Power assets acquisition doubled its generation capacity and shifted its gross margin to a more balanced retail/wholesale mix. The acquisition “added significant upside potential to the company,” the analyst tells investors in a research note.