NRG Energy stock surges 4.2% on $4 billion asset sale
Summary
Shares of NRG Energy rose 4.2 percent following an announcement regarding a multibillion-dollar asset sale. This financial move involved transactions totaling four billion dollars.
Our Take
NRG delivered one of the cleanest beats of the morning. Q3 adjusted EPS came in at $4.68 versus $3.33 expected, revenue rose 24% to $9.47 billion, and the company reaffirmed its 2026 guidance. On top of that, NRG agreed to sell six gas-fired plants (4.9 GW) to LS Power for $4 billion in cash, while keeping its entire PJM portfolio — the grid region where data-center power demand is tightest. The deal is expected to close in Q2 2027.
The catch: NRG's first 2027 adjusted EPS range of $8.05–$10.05 has a midpoint well below the roughly $10.07 consensus, so the premarket pop of about 5% to ~$92.65 could get tested. Context matters too — the stock hit a 52-week low of $79.65 on Thursday as power names sold off alongside AI after the midterms, so this is a relief rally out of a deep hole.
Key levels: resistance at $96 (premarket high), then $98.58; support at $90 (Friday's high), then $88. Holding above $90 after the open keeps the bounce intact; losing $88 would mean the market is focusing on the softer 2027 outlook.
Opinion of Tech & Money Press. Not financial advice.
Source: Read the full story at Stock Market News