NRG Energy, Inc. (NYSE:NRG) ranks among billionaire David Tepper’s 10 favorite stocks. On January 30, NRG Energy, Inc. (NYSE:NRG) finalized the purchase of several generation assets and CPower from LS Power. The arrangement expands NRG’s lineup with 18 natural gas-powered generation facilities totaling about 13 GW of capacity, in addition to CPower’s commercial and industrial virtual power plant system.
Following the deal, NRG Energy, Inc. (NYSE:NRG) revised its 2026 financial outlook to include adjusted net income of $1.685 billion-$2.115 billion and adjusted EPS of $7.90-$9.90. The company also reduced its earlier target ranges for adjusted EBITDA and free cash flow.
Moreover, the projection accounts for approximately 90% of the acquired portfolio’s full-year 2026 impact, taking into account the January 30 closure date.
NRG Energy, Inc. (NYSE:NRG) is a major integrated U.S. energy company that generates, sells, and delivers electricity and natural gas to homes and businesses, offering diverse power sources (coal, gas, renewables) and expanding into smart home/energy solutions through acquisitions such as Vivint.
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Disclosure: None. This article is originally published at Insider Monkey.
