BUZZ-NRG Energy rises after Q4 profit beat

Updates

Utility NRG Energy's NRG.N shares rise 10.2% to $112.65

Co beats Q4 profit estimate, helped by lower costs and higher demand for power

Q4 adj profit of $1.56/share beats est of $1.29/share - data compiled by LSEG

Co announces agreement with GE Vernova and Kiewit to bring up to 5.4 gigawatts (GW) of new gas-fired power generation online between 2029 and 2032

*Company also signs letters of intent (LOIs) with two data center developers, PowLan and Menlo Equities, for power targets of 500 megawatts (MW) and 300 MW respectively in the initial phase

NRG expects the work to begin in 2026

Co reaffirms 2025 guidance range of $6.75-$7.75 for adjusted earnings per share, midpoint of which is above est of $7.19 - data compiled by LSEG

Including session's moves, shares up 22.60% YTD