Wunderlich Securities Maintains Buy Rating, $24 PT On NRG

Wunderlich Securities Maintains Buy Rating, $24 PT On NRG Wunderlich Securities is maintaining its Buy rating and $24 PT on shares of NRG Energy NRG, which announced late yesterday a “further slowing of its nuclear development efforts, resulting primarily from the nuclear events in Japan.” “NRG's partner in the Texas nuclear project is Toshiba Corp. – Tokyo Electric Power Company has an option to invest,” Wunderlich Securities writes. “NRG is only spending $1.5 million per month currently. Power purchase negotiations with potential buyers of the output from the new plant have been suspended. Investors have had a negative view of NRG's nuclear development efforts in the current low natural gas price environment, so additional delays should continue to be positive for the stock. We continue to have a Buy rating on NRG shares.” NRG Energy closed Monday at $20.86.