NRG Energy falls after LS Power's boosted $2.3 bln share sale

NRG Energy

03/03/2026 12:37

** Electric utility NRG Energy's NRG.N shares down 5.8% at $165.33 before the bell after upsized $2.3 bln secondary
    offering prices

    ** Houston, Texas-based NRG announces
    affiliates of LS Power offloaded 14.3 mln shares at $164

    ** Offering size boosted from 12.3 mln shares and prices at 6.6% discount to last close

    ** Selling shareholders received the shares from NRG as part of consideration for recently closed acquisition of LS Power's natural gas-generated power plants

** Barclays and Citigroup joint bookrunners for offering, joined by JP Morgan and RBC

** NRG has ~214.7 mln shares outstanding

** Through Mon, shares 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

(Reporting by Lance Tupper in New York and Avinash P in Bengaluru
(Lance Tupper is a Reuters market analyst. The views expressed are his own)

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