Among the S&P 500’s biggest fallers on Friday November 08 was NRG Energy Inc. (NRG). The stock experienced a 4% decline to $38.44 with 6.54 million shares changing hands.
NRG Energy Inc. started at an opening price of 39.76 and hit a high of $39.83 and a low of $38.39. Ultimately, the stock took a hit and finished the day at $1.6 per share. NRG Energy Inc. trades an average of n/a shares a day out of a total 252.99 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. NRG Energy Inc. hit a high of $43.66 and a low of $32.63 over the last year.
NRG Energy is one of the largest U.S. independent power producers, with 21 gigawatts of nuclear, coal, gas, and oil power generation capacity primarily in Texas and the eastern United States. NRG also is one of the largest retail energy providers in the U.S., with more than 3 million customers. In 2018, NRG divested its 47% stake in NRG Yield, among other renewable energy and conventional generation investments. NRG exited Chapter 11 bankruptcy as a stand-alone entity in December 2003.
With its headquarters located in Princeton, NJ, NRG Energy Inc. employs 4,862 people. After today’s trading, the company’s market cap has fallen to $9.72 billion, a P/S of n/a, a P/B of -5.91, and a P/FCF of n/a.
For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.
The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.