NRG Energy (NRG) Stock Gains on Revenue Beat

NEW YORK (TheStreet) -- Shares of NRG Energy (NRG) gained 5.7% to close at $26.40 Friday after the utilities company beat analysts' estimates for revenue in the first quarter.

NRG Energy reported revenue of $3.83 billion for the first quarter, up 9.7% from the year-ago quarter, and above analysts' estimates of $3.66 billion for the quarter. The company reported a loss of 37 cents a share for the quarter, compared to a loss of 18 cents a share in the year-ago quarter.

"Outstanding execution across all businesses enabled NRG to achieve record first quarter results, outpacing even the results of last years polar vortex-assisted first quarter, with our competitive retail business showing particular strength," NRG Energy CEO David Crane said in a statement.

About 7 million shares of NRG Energy were traded during regular trading hours Friday, above the company's average trading volume of about 4.4 million shares a day.

Separately, TheStreet Ratings team rates NRG ENERGY INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate NRG ENERGY INC (NRG) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and weak operating cash flow."

You can view the full analysis from the report here: NRG Ratings Report

NRG ChartNRG data by YCharts

More from Markets

Stocks Weaken Around The World as Trump Opens New Fronts in Global Trade War

Stocks Weaken Around The World as Trump Opens New Fronts in Global Trade War

Trump Puts Tech in Trade War Crosshairs With Planned Curb on China Investment

Trump Puts Tech in Trade War Crosshairs With Planned Curb on China Investment

Trump, Trade Wars, General Electric, 'Jurassic World' - 5 Things You Must Know

Trump, Trade Wars, General Electric, 'Jurassic World' - 5 Things You Must Know

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI