NRG Energy Inc. (NYSE:NRG) is one of the 10 Best AI Stocks to Watch in July.
Gabriele Sorbara from Siebert Williams Shank & Co started coverage of NRG Energy Inc. (NYSE:NRG) with a Buy rating and assigned it a $184 price target on July 6
The firm’s price target suggests a further 33% upside from here on. It believes the company is well positioned due to its diversified power generation business. NRG has 25.5 GW of generation capacity, providing it a strong position in the power market.
The company also operates one of the largest retail electricity and natural gas platforms in the United States. Even though NRG isn’t a pure-play on AI, its role in AI infrastructure is instrumental and is therefore one of the best AI stocks to watch in July. According to Gabriele Sorbara, NRG Energy’s retail business is undervalued despite its stable earnings and large scale.