Stock

NRG Energy

NRG

Independent Power Producers · Utilities

Also trades as: 0K4C.L GBP 0.93 (-1.58%)

Price

$92.31

-2.07 (-2.19%)

Market Cap

$19.40B

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Data as of Oct 25, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality

Mixed

12/30

Growth

Good

12/20

Cash Flow

Strong

7/10

Stability

Weak

2/10

Valuation

Strong

7/10

Ownership

Weak

2/15

Dividends

Mixed

2/5

44 of 100 counted points = Winston Score 44.

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Share count falling — buybacks

−18.8% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 245.0M (2021) → 199.0M (2025)

§Winston Score History

The full picture

NRG Energy is one of the largest independent power companies in the United States. It generates and sells electricity to homes, businesses, and industrial customers, and also sells natural gas and energy-related services. NRG owns and operates power plants that run on natural gas, coal, oil, and renewables, and it sells electricity directly to consumers through retail brands like Vivint Smart Home and NRG's own retail energy business.

NRG makes money by generating electricity and selling it at wholesale prices, and by selling power and gas directly to retail customers under fixed or variable-rate contracts. It operates mainly across the U.S. and Texas, where it has a strong presence in the deregulated ERCOT market. The company's retail customer base provides more stable, recurring revenue compared to pure wholesale generators. The main risk NRG faces is exposure to volatile commodity prices — when natural gas prices spike, generation costs rise and margins can shrink quickly.

Politician Trades

7 trades / 12mo

3 Congressional buys and 4 sells on NRG in the last 12 months.

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Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+11.0% YoY

YoY Growth Rate

Steady revenue growth

Reported EPS Growth

+474.2% YoY

Quarterly reporting periods ended:

30 Jun 2025: $-0.62

30 Jun 2026: $2.32

Reported/statutory EPS, not adjusted or underlying earnings. One-off items can affect this figure. Provider rounding can affect the growth rate.

YoY Growth Rate

Reported EPS increased year over year

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

0.5%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$1.8B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

NRG Energy is a rare growth stock that's already generating positive cash flow while growing at 11%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

26.9%

Modest — 26.9% gross margin

Profit after running costs

Operating Margin

13.0%

Healthy — 13.0% operating margin

Return on the money invested

ROCE

6.7%

Weak — 6.7% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+12.9%

Fast-growing sales (+12.9% YoY)

Profit growth

EPS YoY

+59.7%

Earnings growing fast (+59.7% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

183%

Turns 183% of profit into real cash

Spare cash per sale

FCF Margin

1.0%

Thin free cash flow (1.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

4.83

Heavy debt load (4.83)

Covers its interest

Interest Cover

3.88x

Tight — interest eats into profit (3.9x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

24.3x

Growth-priced — P/E 24.3

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year

P/E vs Forward

+16.1

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (24.3 → 8.2)

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Dividends

Dividend

Dividend Yield

1.94%

Small dividend — 1.94% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

+8.0%

Dividend growing modestly (8.0% YoY)

Payout Ratio

52%

no trend

Pays out a modest share of profit and keeps the rest to reinvest. Room to keep paying through a weak year.

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