Reported 17 days ago
NRG Energy exceeded third-quarter core profit expectations due to lower supply costs, prompting a raise in its 2024 profit outlook. Despite a reported loss of $767 million in Q3 related to economic hedging setbacks, the utility anticipates adjusted profits between $5.95 and $6.75 per share, up from the previous forecast. This optimistic outlook contributed to a 3% increase in its stock price.
Source: YAHOO