J.P. Morgan Maintains Overweight on NRG Energy

J.P. Morgan is out with its report today on NRG Energy (NYSE: NRG), maintaining Overweight.

In its report, J.P. Morgan writes, "The combination of extreme weather-driven power demand and plant outages in August negatively impacted both the retail and wholesale segments. However, our core investment thesis remains intact due to NRG's strong free cash flow and share buyback potential. We are maintaining our Overweight rating."

J.P. Morgan maintains a $33 PT on NRG.

Shares of NRG closed Thursday at $20.91.