NRG Energy, Inc. remains a compelling Buy due to robust growth drivers and attractive relative valuation. NRG's smart home segment, though only 7% of revenue, delivers 23.3% of economic gross margin and is expanding rapidly. Management anticipates 2026 EBITDA of $5.325–$5.825 billion, driven by rising power prices and data center demand.
NRG Energy's Historic Run Isn't Over Yet
Source: Seeking Alpha