The utility stock sector has plenty of strong equities, but investors should always be on the look out for companies that are outperforming their peers. We asked the question, “Has NRG Energy (NRG) been one of those stocks this year?”
Let’s take a closer look and see what others are starting to discuss.
NRG Energy is one of 136 individual stocks in the Utility sector. Within the past quarter, the analysts from companies like Zacks estimate that NRG’s full-year earnings have moved 25.68% higher. This signals that analyst sentiment is improving and the stock’s earnings outlook is more positive.
“Our latest available data shows that NRG has returned about 27.25% since the start of the calendar year. Meanwhile, the Utilities sector has returned an average of -1.90% on a year-to-date basis. This shows that NRG Energy is outperforming its peers so far this year. To break things down more, NRG belongs to the Utility – Electric Power industry, a group that includes 71 individual companies and currently sits at #82 in the Zacks Industry Rank. On average, this group has gained an average of 1.02% so far this year, meaning that NRG is performing better in terms of year-to-date returns.”
Investors in the Utility sector will want to keep a close eye on NRG as it attempts to continue its market performance.