NRG Energy stock saw its IBD SmartSelect Composite Rating rise to 96 Thursday, up from 94 the day before.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
NRG Energy is currently about 1% above a 44.00 entry from a cup with handle.
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The utility company earns an 87 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 87% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The reported a -51% rise in earnings for Q2. Top line growth climbed 39%, up from -2% in the prior quarter. That marks one quarter of increasing revenue growth.
NRG Energy stock holds the No. 1 rank among its peers in the Utility-Diversified industry group. South Jersey Industries and Ameren are also among the group's highest-rated stocks.
