NRG Energy Rises Ahead of Investor Call on Company Strategy
- Company to hold conference call with investors Sept. 18
- Last month, company had said it may split renewables business
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NRG Energy Inc., the biggest U.S. independent power producer, led the Standard and Poor’s 500 Utilities Index and gained the most in more than two weeks on plans to update investors on its business operations and strategic direction.
NRG is expected to address concerns over its clean energy businesses, including a money-losing home solar unit, during an investor conference call on Sept. 18, Steven Fleishman, an analyst for Wolfe Research LLC, wrote Monday in a note to investors. The company may announce a plan to pay down debt and boost share buybacks, Fleishman said.