NRG Energy drops after unveiling secondary offering

NRG Energy

02/03/2026 21:59

** Electric utility NRG Energy NRG.N shares fall 4.3% post-market to $168 after secondary offering launched

    ** Houston, Texas-based NRG says affiliates of LS Power to offload 12.3 mln shares

    ** Shares part of the consideration selling shareholders received from NRG in recently closed acquisition of LS Power's natgas generation facilities and a virtual power plant

** Barclays and Citigroup joint bookrunners for offering

** NRG has ~214.7 mln shares outstanding

** Stock on Mon closed down 1.9% at $175.58, up 10% YTD. Stock hit record intraday high of $189.96 last Weds

    ** Avg rating of 16 analysts is "buy"; median PT $203, per LSEG

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))