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Downgrade Alert for NRG Energy (NRG)

By Shiri Gupta

NRG Energy (NYSE:NRG) was downgraded from Buy to Sell at UBS today. The stock closed yesterday at $16.60 on volume of 10.6 million shares, above average daily volume of 6.2 million.

NRG Energy, Inc. owns and operates a diverse portfolio of power-generating facilities, primarily in the United States. The Company's operations include energy production and cogeneration facilities, thermal energy production, and energy resource recovery facilities.

Potential upside of 32.1% exists for NRG Energy, based on a current level of $16.59 and analysts' average consensus price target of $21.92. NRG Energy shares have support at the 200-day moving average (MA) of $14.06 and additional support at the 50-day MA of $13.30.

In the past 52 weeks, shares of NRG Energy have traded between a low of $8.80 and a high of $26.78 and closed yesterday at $16.59, which is 89% above that low price. The 200-day and 50-day moving averages have moved 1.01% lower and 2.57% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of NRG Energy on April 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.38. Since that recommendation, shares of NRG Energy have risen 23.6%. We continue to monitor NRG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades NRG Energy

Ticker(s): NRG