NRG Energy upgraded to Buy on strong FY 2025 results and AI-driven growth outlook.

NRG Energy received a Buy rating after reporting record fiscal year 2025 results, including adjusted EBITDA of $4.1 billion and EPS of $8.24, surpassing guidance. The company projects a 14%+ EPS compound annual growth rate through 2030, driven by AI-enabled electrification trends. Valuation appears attractive with potential share prices above $190, below sector norms. Key risks include integration of acquisitions, natural gas exposure, and maintaining technical support near $140 after Q1 earnings.