By Nate Wolf
NRG Energy stock was climbing Monday after the company announced an agreement to acquire a portfolio of natural gas generation facilities from energy infrastructure company LS Power Equity Advisors.
The deal with LS Power, which has an enterprise value of $12 billion, will give NRG Energy an additional 18 facilities across nine states and double the company's power-generation capacity. NRG hopes the new plants will strengthen its ability to meet growing demand from energy-hungry data centers, in particular.
"This acquisition transforms NRG's generation fleet and broadens our customized product offerings," CEO Larry Coben said in a press release.
The announcement came shortly before the company posted first-quarter adjusted earnings of $2.68 a share on revenue of $8.6 billion, surging past Wall Street's calls for $1.75 and $7.9 billion, respectively.
NRG shares jumped 22% to $145.15 on Monday and were on pace for an all-time high. NRG shares had risen 32% in 2025 as of the close of trading Friday.
The company reaffirmed its 2025 earnings expectations but boosted its five-year outlook following the deal with LS Power. Management is now targeting adjusted earnings per share growth of 14%, compounded annually, compared with a previous target of 10%.
NRG shares had risen 32% in 2025 as of the close of trading Friday.
Write to Nate Wolf at nate.wolf@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
May 12, 2025 10:01 ET (14:01 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。