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NRG Energy, Inc. Message Board

  • criticalthinker0227 criticalthinker0227 Mar 12, 2010 12:47 PM Flag

    Reason For Downgrade

    Lower Natural Gas prices have made Bank of America uncertain about NRG's future. This morning B of A downgraded shares of NRG Energy from BUY to NEUTRAL as they lowered their natural gas forecasts. With gas prices depressed B of A sees less upside in owning NRG shares and has set a new price target of $24 per share.

    In my opinion, this is just a bump in the road for NRG. The Texas economy is going to be booming a year from now and by Memorial Day the Natural Gas Act will pass congress, leading to a long term uptrend in prices.

    NRG will easily exceed $24 a share once the new nuclear plants are announced.

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NRG
27.02-0.74(-2.67%)Dec 19 4:07 PMEST

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