October 30, 2024October 30, 2024

Analysts Are Bullish on These Utilities Stocks: NRG Energy (NRG), Northwestern (NWE)

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There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on NRG Energy (NRG – Research Report) and Northwestern (NWE – Research Report) with bullish sentiments.

NRG Energy (NRG)

In a report released today, Neil Kalton from Wells Fargo maintained a Buy rating on NRG Energy, with a price target of $130.00. The company’s shares closed last Tuesday at $88.10, close to its 52-week high of $96.40.

According to TipRanks.com, Kalton is a 5-star analyst with an average return of 9.5% and a 65.7% success rate. Kalton covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Algonquin Power & Utilities, and Public Service Enterprise.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NRG Energy with a $99.83 average price target, representing a 13.5% upside. In a report issued on October 22, Seaport Global also maintained a Buy rating on the stock with a $95.00 price target.

See today’s best-performing stocks on TipRanks >>

Northwestern (NWE)

Wells Fargo analyst Jonathan Reeder maintained a Buy rating on Northwestern today and set a price target of $60.00. The company’s shares closed last Tuesday at $53.55.

According to TipRanks.com, Reeder is a 4-star analyst with an average return of 5.5% and a 56.0% success rate. Reeder covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, Brookfield Infrastructure, and California Water Service.

The word on The Street in general, suggests a Hold analyst consensus rating for Northwestern with a $57.13 average price target, representing a 5.4% upside. In a report released today, Bank of America Securities also maintained a Buy rating on the stock.

Read More on NRG:

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