Wunderlich Has Buy On NRG(NRG)

Wunderlich Securities has a Buy rating and a $24 price target on shares of NRG Energy, Inc. NRG.

In a note to clients, Wunderlich writes, "The nuclear incidents in Japan caused by the post-earthquake tsunami are likely to reverberate across the global nuclear industry. NRG Energy (NRG) continues its efforts to develop an expansion of its existing nuclear capacity at the South Texas Project (STP) about 90 miles southwest of Houston. NRG is working to find buyers for the output of the new plant. We expect the nuclear incident in Japan will further complicate these efforts and is likely to increase he potential that the company ceases or materially delays (measured in years) the development. It also could further delay the nuclear loan guarantees NRG is awaiting. We continue to have a Buy rating on NRG with a $24 price target."

Shares of NRG gained 50 cents on Friday to close at $19.79, a gain of 2.6%.