NRG Energy, Inc. (NYSE:NRG) is one of the undervalued infrastructure stocks to buy now. The stock’s sharp pullback has drawn attention, but the underlying fundamentals tell a more nuanced story.
On June 10, 2026, NRG Energy, Inc. (NYSE:NRG) hit a 52-week low of $120.11, extending a decline of more than 20% year-to-date and nearly 17% over the past year. Despite the slide, over 80% of covering analysts remain constructive on the stock, with a median price target of $200.
The most recent analyst move came on May 21, 2026, when Morgan Stanley raised its price target on NRG Energy, Inc. (NYSE:NRG) to $162 from $159 while keeping an Equal Weight rating, as part of a broader update to North American utility and IPP targets. The firm noted utilities underperformed the S&P 500 that month.
That update followed a difficult first quarter. On May 6, 2026, NRG Energy, Inc. (NYSE:NRG) reported Q1 revenue of $10.26 billion, up from $8.59 billion a year earlier, but adjusted EPS of $1.49 missed the consensus estimate of $1.78. Operating costs rose 33.4% to $9.93 billion, and interest expenses climbed to $285 million from $163 million, reflecting costs tied to the $12 billion acquisition of LS Power generation assets. Texas adjusted EBITDA fell 27.8% to $216 million amid a nearly 30% drop in heating degree days, while East segment EBITDA slipped 2% to $464 million due to higher power supply costs during Winter Storm Fern.
NRG Energy, Inc. (NYSE:NRG) expects its 415-megawatt T.H. Wharton facility in Texas to begin commercial operations by the end of May and now sees up to 2 gigawatts of uprate and conversion opportunities within its existing fleet, up from nearly 1 gigawatt previously disclosed.
NRG Energy, Inc. (NYSE:NRG) is a utilities company that specializes in energy and home services through its Texas, East, West/Other, Vivint Smart Home, and Corporate Activities segments. The company provides its services to a diverse range of customers, from data centers to wholesale.
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