NRG shares slide after Jefferies and Seaport Research cut price targets
Jefferies and Seaport Research lowered their NRG Energy price targets while keeping Buy ratings; the stock fell about 4.3% on Monday, per Stocktwits.
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what happened
Stocktwits reported that NRG Energy shares dropped about 4.3% on Monday after Jefferies and Seaport Research cut their price targets but kept Buy ratings. Jefferies lowered its target to $131 from $160, noting that the stock is back to levels seen before the LS Power deal and the rise in AI-driven power demand. Seaport Research reduced its target to $160 from $190.
NRG is developing a proposed 1.2-gigawatt gas-fired plant in Texas to serve data centers. On September 8 the company said the project was conditionally accepted as a Studied Load in ERCOT's Batch Zero process. The board also declared a quarterly dividend of $0.475 per share, payable November 16, 2026.
why it matters
NRG shares are down more than 38% year to date, and retail sentiment on Stocktwits remains extremely bearish. Third-quarter results are due November 5, with analysts expecting $4.01 per share in earnings and $8.50 billion in revenue, according to Fiscal.AI data. Investors will watch the progress of data-center connections and the quarterly report.
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sources
- NRG Stock Slides Following Price Target Cuts From Jefferies, Seaport Research – A Look At Some Key Highlights — Stocktwits, 19 October 2026 at 17:49 UTC
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