UPDATE: International Strategy & Investment Maintains Buy Rating, Lowers PT for NRG Energy

In a report published earlier today, International Strategy & Investment Group LLC maintained its Buy rating for NRG Energy, Inc.

and lowered its price target from $24.50 to $23.00. ISI said in its report “The quarter was light, but most of the drivers should have been anticipated. Mild winter weather drove lower volumes at the Retail business, the STP 2 nuclear outage spanned entire quarter, several fossil units underwent accelerated maintenance outages, and the low gas price drove reduced volumes from the coal fleet. The stock sold off ~4% in early trading and recovered to be down 2.4% on the day. Investors reacted to the year over year EBITDA decline, and the headwind it presents for meeting full year guidance.” NRG Energy, Inc. closed yesterday at $16.21.