Nrg Energy (nrg) Reports Q1 Adjusted Eps $1.49

NRG Energy, Inc. (NYSE:NRG) is one of the 15 Best Power Generation Stocks To Buy For Data Center Demand.

On May 6, 2026, NRG Energy, Inc. (NYSE:NRG) reported Q1 adjusted EPS of $1.49 compared to $1.73 consensus, while revenue came in at $10.26B versus $8.64B expected. CEO Robert Gaudette said the company’s generation fleet performed well and its retail and commercial businesses continued delivering reliable and affordable power. He added that demand remains strong and that NRG is positioned to capitalize on future opportunities with momentum across the business heading into the summer season. NRG maintained its FY26 adjusted EPS outlook of $7.90-$9.90, compared to consensus estimates of $9.06.

Ahead of the earnings release, Raymond James lowered its price target on NRG Energy, Inc. (NYSE:NRG) to $210 from $220 and maintained a Strong Buy rating. The firm said Q1 results across the independent power producer group were expected to be mixed, with NRG likely facing softer near-term results due to weaker ERCOT weather conditions, lower load, and softer power prices.

Meanwhile, Morgan Stanley raised its price target on NRG Energy, Inc. (NYSE:NRG) to $159 from $154 and maintained an Equal Weight rating on the shares.

NRG Energy, Inc. (NYSE:NRG), together with its subsidiaries, operates as an energy and home services company in the United States and Canada.

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