NRG
LONGINSIDER SELLNRG ENERGY INC
Research: Finviz ↗·Perplexity ↗
🗄 Viewing archived Q1 2026 data — frozen, no longer refreshed.
News Summary
NegativeNRG has missed earnings expectations in consecutive quarters (Q1 and Q2 2026), with adjusted EPS falling 13-14% below consensus due to LS Power acquisition integration costs and margin pressure, though management reaffirmed full-year guidance citing weather/market headwinds rather than fundamental business deterioration. The company is executing strategically on growth initiatives (1.2 GW data center BYOP deal, Texas Energy Fund projects on track, 5.4 GW turbine capacity secured) but the near-term earnings trajectory and leverage extension to 2029 present execution risk.
Red flags
- •Consecutive quarterly EPS misses: Q1 missed by 14% ($1.49 vs. $1.73 est.), Q2 missed by 14% ($1.49 vs. $1.74 est.)
- •LS Power acquisition adding significant interest expense, depreciation, and dilution—adjusted net income declined year-over-year despite 19.5% revenue growth
- •First-half adjusted EPS down 33% year-over-year ($2.98 vs. $4.42) despite revenue growth and EBITDA gains
- •Full-year leverage target pushed out to 2029 from earlier expectations due to capital reallocation to data center build ($721M in 2026)
- •Limited near-term visibility into earnings recovery; management citing 'limited unhedged exposure' suggests reliance on commodity price recovery or operational leverage
Funds Buying (3)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Appaloosa LP | David Tepper | 1.7M | +94K | $253M | 4.3% | +6% | Existing |
| Point72 | Steve Cohen | 275K | +275K | $40M | <0.1% | — | NEW |
| Maverick Capital | Lee Ainslie | 11K | +11K | $2M | <0.1% | — | NEW |
Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter. % of Fund is the position's share of the fund's reported equity portfolio — it drives the size weighting in the conviction score.
Portfolio Context
Where NRG ranks in each buying fund's book, and the positions immediately around it. What a holding sits next to often says more about the thesis than the position size does.
position #10 of this fund's book
- 7VISTRA CORP$304M
- 8ISHARES INC$295M
- 9NVIDIA CORPORATION$257M
- 10NRG ENERGY INC$253M
- 11META PLATFORMS INC$250M
- 12SANDISK CORP$179M
- 13CORNING INC$154M
Values are quarter-end position sizes. Shown only for funds where NRG ranks inside their 40 largest equity positions — below that, neighbouring names carry no signal. Adjacency is an inference about a fund's reasoning, not a disclosure of it.
Insider Activity
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| Lightning Power Holdings, LLC | SC 13G/A | 6.4M | 3.0% | 2026-03-04 | ↗ |
| Lightning Power Holdings, LLC | SC 13G | 19.0M | 8.9% | 2026-02-06 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.