NRG Energy (NRG)

NRG Energy beat Q3 earnings estimates and struck a $4 billion deal to sell 4.9 gigawatts of gas plants to LS Power, funding debt reduction, buybacks, and a dividend increase.

Talen Energy and NRG Energy receive less attention than Constellation and Vistra, but both are expanding power capacity to meet AI data center demand.

Asset sale proceeds and a data center project headline the quarter.

NRG Energy (NYSE:NRG) plans to sell six power generation facilities to LS Power for $4 billion and increase its planned share repurchases, as the company reported higher third-quarter earnings and introduced its 2027 financial outlook. The assets being sold have a combined capacity of just under 4.

Texas regulators are auditing data center projects on the ERCOT grid, leaving NRG Energy and Vistra facing uncertain timing on AI-driven power demand despite strong long-term growth potential.

NRG Energy (NYSE:NRG) has outperformed the market over the past 5 years by 8.75% on an annualized basis producing an average annual return of 19.88%. Currently, NRG Energy has a market capitalization of $23.33 billion.