NRG Energy Option Alert: Mar 21 $100 Calls Sweep (5) near the Bid: 436 vs 2052 OI; Earnings 2/26 Before Open 

NRG Energy Option Alert: Mar 21 $100 Calls Sweep (5) near the Bid: 436 @ $12.938 vs 2052 OI; Earnings 2/26 Before Open Ref=$110.68

NRG Energy (NYSE:NRG) Bolsa

NRG Energy

NRG Energy is one of the largest retail energy providers in the us, with 6 million customers. Vivint Smart Home, which NRG acquired in 2023, has 2 million home services customers. NRG also is one of the largest us independent power producers, with 13 gigawatts of coal, gas, and oil power generation capacity primarily in Texas. NRG exited Chapter 11 bankruptcy as a stand-alone entity in December 2003.

NRG Energy Inc

Energi

Bank Of Montreal MicroSectors U.S. Big Oil -3 Inverse Leveraged ETNs due February 17, 2045

Neoenergia SA

PINNACLE SILVER&GOLD CORP by PINNACLE SILVER & GOLD CORP

Pinnacle Silver and Gold Corp

Narragansett Electric Co 4.50% PRF PERPETUAL USD 50

Energy Today Inc

Bank Of Montreal MicroSectors U.S. Big Oil 3 Leveraged ETNs due February 17, 2045

Energy Vault Holdings Inc

New Energy Metals Corp Ordinary Shares

NEW ENERGY METALS CORP by New Energy Metals Corp.

New Energy Metals Corp

NRG Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) has outperformed the market over the past 5 years by 9.69% on an annualized basis producing an average annual return of 24.84%. Currently, NRG Energy has a market capitalization of $19.87 billion. 
Buying $100 In NRG: If an investor had bought $100 of NRG stock 5 years ago, it would be worth $325.54 today based on a price of $98.08 for NRG at the time of writing.
<h3>NRG Energy's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1741207509_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Trading Ideas

Here's How Much $100 Invested In NRG Energy 5 Years Ago Would Be Worth Today

BMO Capital analyst James Thalacker maintains NRG Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) with a Market Perform and raises the price target from $100 to $115.

Price Target

Analyst Ratings

BMO Capital Maintains Market Perform on NRG Energy, Raises Price Target to $115

Live On CNBC, Rob Sechan Announces Bought More NRG Energy

Guggenheim analyst Shahriar Pourreza maintains NRG Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) with a Buy and raises the price target from $134 to $145.

Guggenheim Maintains Buy on NRG Energy, Raises Price Target to $145

Wells Fargo analyst Neil Kalton maintains NRG Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) with a Overweight and raises the price target from $140 to $165.

Wells Fargo Maintains Overweight on NRG Energy, Raises Price Target to $165

U.S. stocks were mixed, with the Dow Jones falling over 150 points on Wednesday.
Shares of Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) rose sharply during Tuesday's session after the company reported better-than-expected fourth-quarter <a href="https://in.benzinga.com/news/earnings/25/02/43958373/workday-shares-climb-after-q4-report-heres-why">financial results</a>.
Workday reported quarterly earnings of $1.92 per share which beat the analyst consensus estimate of $1.78. Quarterly revenue clocked in at $2.21 billion which beat the analyst consensus estimate of $2.18 billion and is an increase over revenue of $1.92 billion from the same period last year.
Workday shares jumped 6.3% to $271.06 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Porch Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRCH#NASDAQ">PRCH</a>) shares jumped 63% to $6.18 following fourth-quarter results.</li>
<li>Gaotu Techedu Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOTU#NYSE">GOTU</a>) gained 32.1% to $3.3450 after the company reported better-than-expected quarterly financial results.</li>
<li>CommScope Holding Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMM#NASDAQ">COMM</a>) jumped 22.8% to $6.01 after the company reported better-than-expected quarterly financial results.</li>
<li>ASP Isotopes Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASPI#NASDAQ">ASPI</a>) jumped 22.6% to $5.16 after the company announced the start of its commercial production of enriched Carbon-14 at its first aerodynamic separation process enrichment facility.</li>
<li>ACM Research, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACMR#NASDAQ">ACMR</a>) rose 20.2% to $27.57 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Madrigal Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDGL#NASDAQ">MDGL</a>) shares surged 19.7% to $370.61 after the company reported better-than-expected quarterly EPS and sales.</li>
<li>ZoomInfo Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) gained 19.7% to $11.40 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter revenue guidance above estimates.</li>
<li>CEVA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEVA#NASDAQ">CEVA</a>) gained 19.5% to $38.82.</li>
<li>Lantheus Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNTH#NASDAQ">LNTH</a>) rose 18.4% to $94.76 after reporting quarterly adjusted EPS and sales above estimates.</li>
<li>Huron Consulting Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HURN#NASDAQ">HURN</a>) shares gained 18% to $147.96 after the company reported better-than-expected quarterly financial results. Also, multiple firms raised their respective price targets on the stock.</li>
<li>Axon Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) rose 17.5% to $583.32 after the company reported better-than-expected fourth-quarter financial results and issued FY24 revenue guidance with its midpoint above estimates.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) gained 16.4% to $53.01 after the company filed its quarterly report.</li>
<li>XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) rose 14.6% to $21.92.</li>
<li>Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) shares gained 11.7% to $620.86 after the company reported better-than-expected second-quarter financial results.</li>
<li>NRG Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) rose 11.3% to $114.04 after the companies announced a venture with TIC to develop rapid electricity generation capacity to support GenAI demand.</li>
<li>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) gained 9.5% to $161.53 following quarterly results.</li>
<li>Anheuser-Busch InBev SA/NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>) rose 8.5% to $59.42 after the company reported better-than-expected quarterly earnings and revenues.</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) shares gained 7.3% to $49.31.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/02/43981181/nvidia-gears-up-for-q4-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-analysts">Nvidia Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>

Intraday Update

Markets

Movers

ACMR

ASPI

AXON

CEVA

COMM

FSLR

GSX Techedu Inc. American Depositary Shares

GOTU

HOOD

HURN

INTU

LNTH

MDGL

PRCH

SMCI

WDAY

XPEV

Workday, ACM Research, ZoomInfo Technologies, CEVA, Intuit And Other Big Stocks Moving Higher On Wednesday

NRG Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) stock is trading higher after the company reported <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/b43969270/nrg-energy-inc-reports-full-year-2024-financial-results" rel="noreferrer noopener">mixed fourth-quarter 2024 results</a>.
NRG reported a revenue increase of 1.3% year-over-year to $6.858 billion, missing the consensus of $7.59 billion. Adjusted EPS stood at $1.52, beating the consensus of $1.29.
&#8220;NRG had a stellar year, executing across all our strategic priorities. Our Adjusted EPS exceeded the top end of raised guidance, we announced the first-of-its-kind residential VPP of scale through our Renew Home and Google Cloud partnerships, and we delivered on our capital allocation commitments,&#8221; said Larry Coben, NRG Chair, President and Chief Executive Officer.
Operating cash flow for the quarter was $952 million, compared to $241 million a year ago. Free Cash Flow Before Growth Investments was $624 million, and the fiscal year totaled $2.065 billion.
Adjusted EBITDA rose 4.7% YoY to $902 million, and the margin expanded 43 bps YoY to 13.2%.
As of Dec. 31,, NRG&#8217;s unrestricted cash was $1.0 billion, and $4.5 billion was available under the credit facilities. Total liquidity was $5.4 billion.
In 2024, the company returned $1.263 billion to shareholders, including $925 million in share repurchases—$100 million above target—and $338 million in dividends.
NGR executed $342 million in liability management and achieved its 2.50x &#8211; 2.75x Net Debt to Adjusted EBITDA target a full year ahead of schedule.
Additionally, NRG Energy, GE Vernova, and TIC – The Industrial Company launched a <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/b43969448/nrg-energy-ge-vernova-and-kiewit-accelerating-new-generation-capacity-to-support-demand-growth" rel="noreferrer noopener">U.S.-based venture</a> to accelerate electricity generation for the growing computing and GenAI demand. This collaboration leverages expertise in power generation, manufacturing, and construction to streamline development and expand capacity.
The venture plans to develop 4+ projects totaling 5GW of natural gas power for ERCOT &amp; PJM, with 1.2GW set to launch in 2029 using GE Vernova 7HA turbines. Additional projects will come online through 2032, with potential expansion to 10-15GW nationwide.
NRG also signed LOIs with Menlo Equities and PowLan to provide 400MW of retail power, scalable to 6.5GW, starting in 2026. Pricing will reflect site value and NRG&#8217;s supply optimization expertise.
2025 Guidance: The company reaffirmed its 2025 guidance, reinforcing its growth strategy and capital allocation framework.
NRG sees Adjusted EPS of $6.75-$7.75 versus the $7.37 consensus and Adjusted EBITDA of $3.725 billion—$3.975 billion.
Price Action: NRG shares are trading higher by 7.13% at $109.74 at Wednesday&#8217;s last check.
Now Read:
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<li><a href="https://www.benzinga.com/25/02/43973370/lowes-q4-win-higher-profits-big-buybacks-and-a-cautious-2025-outlook">Lowe&#8217;s Q4 Win: Higher Profits, Big Buybacks And A Cautious 2025 Outlook</a></li>
</ul>

Earnings

Guidance

NRG Energy Beats Q4 EPS Estimates, Unveils AI Power Expansion, And Reaffirms 2025 Growth Outlook

WIIM

GE Vernova and NRG Energy shares are trading higher after the companies announced a venture with TIC to develop rapid electricity generation capacity to support GenAI demand.

Initially, the venture will work to advance four projects totaling over 5 gigawatts (GW) of efficient, new natural gas combined cycle power plants for the ERCOT &amp; PJM markets. The first 1.2GW is expected to commence commercial operation in 2029 with two (2) 7HA gas turbines secured under a slot reservation agreement with GE Vernova. Subsequent projects will be targeted to come online through 2032. The model is replicable and scalable, with the potential to fill a future pipeline of 10-15GW and expand to other areas across the U.S.
 &nbsp;

NRG Energy Partners With GE Vernova And TIC To Launch Venture For Rapid Electricity Generation Capacity To Support Growing GenAI Demand

Appendix Table A-10: 2025 Guidance Reconciliation
The following table summarizes the 2025 Guidance calculations of Adjusted EBITDA, Adjusted Net Income and Adjusted EPS and provides a reconciliation from Net Income1:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">2025</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">($ in millions, except per share amounts)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">Guidance</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Income2</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$</td>
<td colspan="2" rowspan="1">1,025 - 1,225</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Interest expense, net</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">635</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Income tax expense3</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">390-440</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Depreciation and amortization1</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">1,400</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">ARO expense</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">25</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Stock-based compensation</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">100</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Acquisition and divestiture integration and transaction costs</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">20</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Other4</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">130</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">$3,725 - $3,975</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted interest expense, net5</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">(635</td>
<td colspan="1" rowspan="1">)</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Depreciation and amortization</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">(1,400</td>
<td colspan="1" rowspan="1">)</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted Income before income taxes</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">$1,690 - $1,940</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted income tax expense6</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">(293) - (343</td>
<td colspan="1" rowspan="1">)</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted Net Income before Preferred Stock dividends</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">$1,397 - $1,597</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Cumulative dividends attributable to Series A Preferred Stock</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">(67</td>
<td colspan="1" rowspan="1">)</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted Net Income7</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">$1,330 - $1,530</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Weighted average number of common shares outstanding - basic</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">197</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EPS</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">$6.75 - $7.75</td>
<td>&nbsp;</td>
</tr>
</tbody>
</table>
</figure>

NRG Energy Affirms FY2025 Adj EPS Guidance Of $6.75-$7.75 vs $7.37 Est

NRG Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) reported quarterly earnings of $1.52 per share which beat the analyst consensus estimate of $1.29 by 17.83 percent. This is a 36.94 percent increase over earnings of $1.11 per share from the same period last year. The company reported quarterly sales of $6.82 billion which missed the analyst consensus estimate of $7.59 billion by 10.11 percent. This is a 0.18 percent increase over sales of $6.81 billion the same period last year.

Earnings Beats

Earnings Misses

NRG Energy Q4 2024 Adj EPS $1.52 Beats $1.29 Estimate, Sales $6.82B Miss $7.59B Estimate

AAOI

ABEV

ACAD

ADTN

ALEC

AMBA

AMBC

AMSF

ARDT

ARHS

ARIS

ARKO

ASTE

ATEC

AVDX

AVNS

BATRA

BATRK

BBSI

BLMN

BXSL

BYND

CAPL

CDNA

CERT

CLDT

CLPT

COCO

CORT

Core Scientific, Inc. - Class A Common Stock

CORZ

CPRX

CRGY

CSAN

CTRI

DHIL

DMRC

DOLE

DORM

EBAY

ECPG

EHTH

ENIC

ENOV

ERII

ESCA

ESTA

EVTC

FTAI

FWRD

GERN

GOGL

GRBK

HCAT

HNST

IBTA

IMCR

Earnings Scheduled For February 26, 2025

NRG Energy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) short percent of float has fallen 29.47% since its last report. The company recently reported that it has 6.30 million shares sold short, which is 4.14% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.62 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>NRG Energy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1740498327_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for NRG Energy has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing NRG Energy's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, NRG Energy's peer group average for short interest as a percentage of float is 2.00%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

What Does the Market Think About NRG Energy?

Editor's Note: This article has been updated to clarify that Elliott Investment Management purchased convertible senior notes of Wolfspeed and MicroStrategy.
Elliott Investment Management made several portfolio moves in the fourth quarter, closing multiple options positions and shaking up the activist firm&#8217;s <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43811538/5-top-tech-stocks-hedge-funds-have-been-bullish-on-in-q4-hint-its-not-nvidia">technology exposure</a>.
According to a new&nbsp;<a href="https://www.sec.gov/Archives/edgar/data/1791786/000101359425000294/xslForm13F_X02/primary_doc.xml" target="_blank" rel="noreferrer noopener">13-F</a>&nbsp;filing with the U.S. Securities and Exchange Commission, Elliott added the following new positions in the fourth quarter:
<ul>
<li>Wolfspeed Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) 0.25% and 1.875% convertible senior notes</li>
</ul>
<ul>
<li>NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) put options</li>
</ul>
<ul>
<li>SPDR Select Sector Fund Industrial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) put options</li>
</ul>
<ul>
<li>SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>) put options</li>
</ul>
Here's a look at all of the positions Elliott added to during the fourth quarter:
<ul>
<li>Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) increased by 369%</li>
</ul>
<ul>
<li>MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) increased convertible senior notes by 200%</li>
</ul>
<ul>
<li>CorMedix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRMD#NASDAQ">CRMD</a>) increased by 85%</li>
</ul>
<ul>
<li>HDFC Bank Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>) increased by 6%</li>
</ul>
Here&#8217;s a look at all of the positions Elliott closed during the fourth quarter:
<ul>
<li>Catalent Inc (CTLC) </li>
</ul>
<ul>
<li>Cardinal Health Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>)</li>
</ul>
<ul>
<li>Unity Software Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>)</li>
</ul>
<ul>
<li>BILL Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BILL#NYSE">BILL</a>)</li>
</ul>
Elliott closed out of calls in several names including Arm Holdings, American Airlines and Alaska Air Group. The firm also closed multiple put positions including Equinix, Hyatt Hotels and Host Hotels.
Here's a look at all of the positions Elliott trimmed during the fourth quarter:
<ul>
<li>ICON Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLR#NASDAQ">ICLR</a>) decreased by 62%</li>
</ul>
<ul>
<li>RingCentral Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RING#NYSE">RING</a>) decreased by 55%</li>
</ul>
<ul>
<li>NRG Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) decreased by 50%</li>
</ul>
<ul>
<li>Confluent Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>) decreased by 37%</li>
</ul>
<ul>
<li>Southwest Airlines Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) decreased by 2%</li>
</ul>
The above information does not include call or put options that were added to or trimmed&nbsp;during the quarter.
This information was gathered using comparison tools from&nbsp;<a href="https://13f.info/13f/000101359425000294/compare/000101359424000968" target="_blank" rel="noreferrer noopener">13f.info</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43811538/5-top-tech-stocks-hedge-funds-have-been-bullish-on-in-q4-hint-its-not-nvidia">5 Top Tech Stocks Hedge Funds Have Been Bullish On In Q4 (Hint: It&#8217;s Not Nvidia)</a></li>
</ul>
This illustration was generated using artificial intelligence via Midjourney.

Hedge Funds

BILL

CFLT

CRMD

ICLR

MSTR

NVDA

RING

WOLF

Elliott Investment Management Bets Against Nvidia In Q4 (CORRECTED)

NRG Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) has outperformed the market over the past 5 years by 11.07% on an annualized basis producing an average annual return of 25.48%. Currently, NRG Energy has a market capitalization of $21.78 billion. 
Buying $1000 In NRG: If an investor had bought $1000 of NRG stock 5 years ago, it would be worth $2,947.30 today based on a price of $107.52 for NRG at the time of writing.
<h3>NRG Energy's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1740060192_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 5 Years Ago Would Be Worth This Much Today

Morgan Stanley analyst Stephen Byrd maintains NRG Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) with a Equal-Weight and raises the price target from $86 to $99.

Morgan Stanley Maintains Equal-Weight on NRG Energy, Raises Price Target to $99

General

13F Shows Elliott Investment Management Cuts Share Stake In Southwest Airlines Co By 2.4% To 59.7M Shares, Dissolves Share Stake In Cardinal Health Inc, Cuts Share Stake In NRG Energy Inc By 50.4% To 4.8M Shares

CNBC Halftime Report Final Trades: NRG Energy, MP Materials Corp., CareDx, Applovin

NRG Energy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) short percent of float has fallen 20.46% since its last report. The company recently reported that it has 8.91 million shares sold short, which is 5.87% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.97 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>NRG Energy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738698311_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for NRG Energy has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing NRG Energy's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, NRG Energy's peer group average for short interest as a percentage of float is 2.05%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About NRG Energy?

NRG Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) has outperformed the market over the past 5 years by 9.56% on an annualized basis producing an average annual return of 21.86%. Currently, NRG Energy has a market capitalization of $20.62 billion. 
Buying $1000 In NRG: If an investor had bought $1000 of NRG stock 5 years ago, it would be worth $2,690.59 today based on a price of $101.78 for NRG at the time of writing.
<h3>NRG Energy's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738594809_0_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In NRG Energy 5 Years Ago Would Be Worth This Much Today

Press Releases

NRG Energy, Inc. Reports Third Quarter Results, Initiates 2025 Guidance, and Introduces Adjusted Net Income and Adjusted EPS

NRG Energy Honors Business Customers During Fifth Annual Excellence in Energy Awards

Eight Pennsylvania and New Jersey Nonprofits Share $100K in Donations from "NRG Gives" Program

Direct Energy Invests in Hope and Healing through $60,000 Donation to Two Alberta Hospitals

CSG Announces Board of Directors' Chair Transition

NRG Energy, Inc. Announces Quarterly Dividend

NRG Energy, Inc. to Report Full Year and Fourth Quarter 2024 Financial Results on February 26, 2025

In Other Fútbol News: NRG Energy Signs on as an Official Supporter of the FIFA World Cup 26 Houston™

NRG Energy, Inc. Reports Full Year 2024 Financial Results

NRG Energy, GE Vernova and Kiewit Accelerating New Generation Capacity to Support Demand Growth

CSGS

American Electric Power Company, Inc. - Common Stock

American Electric Power

Constellation Energy Corporation - Common Stock

Constellation Energy

Comp En De Mn Cemig ADS American Depositary Shares

Cia Energetica DE Minas

Comp En De Mn Cemig ADS American Depositary Receipts

Duke Energy Corporation (Holding Company) Common Stock

Duke Energy

Centrais Electricas Brasileiras S A American Depositary Shares (Each representing one Common Share)

Centrais Eletricas

Centrais Electricas Brasileiras S.A. Sponsored ADS representing Pfd Shares

Edison Intl

Companhia Paranaense de Energia (COPEL) American Depositary Shares (each representing one Unit consisting one Common Share and four non-voting Class B Preferred Shares)

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