NRG
NRG EnergyRetail + generation; data-center tailwind.
Last
$168.45
Change
-1.47%
Market cap
$35.8B
60-day price
Near-term (0-6mo)
Earnings 5/6 — data center/C&I load growth, Vivint integration margins, and generation fleet performance.
Mid-term (6-24mo)
Less direct substrate-constraint play than CEG or VST; value is in retail margin + generation optionality. Not a core thesis position.
Catalysts
- Q1 earnings 5/6
- Data center load contract wins
Risks
- Retail electricity business has lower moat than generation
- Debt load from Vivint acquisition
Options flags
earnings_soon · Apr 16, 2026
Earnings on 2026-05-06 (19d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.monthly_liquid · Apr 16, 2026
Monthly Apr 16, 2026 chain likely liquid. Prefer ATM/ITM-20 over OTM to force discipline.