NRG Energy Plunges 14% to 52-Week Low After Q2 EPS Miss Despite Revenue Beat
NRG is trading near its 52-week low of $115.05 (1.4% above the low) on elevated volume (2.4× avg).
Summary
NRG Energy shares sank 14.5% to a 52-week low of $118.42 after Q2 adjusted EPS of $1.49 missed consensus by $0.21, overshadowing an 11% revenue beat and reaffirmed full-year guidance. The miss was driven by higher interest and depreciation from the LS Power acquisition, with Texas segment EBITDA down 26% on mild weather and supply costs. This follows earlier reports of the data center expansion potential to 2.4 GW, but the market is punishing the earnings shortfall and Texas weakness. The stock is now testing its 52-week low of $115.05, with the $7.90-$9.90 EPS guidance range implying a wide range of outcomes for the year.
At the time of this announcement, NRG was trading at $116.61 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $24.6B. The 52-week trading range was $115.05 to $189.96. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Benzinga.