Dallas, Texas 09/24/2013 (Financialstrend) – As of September 23 close of business NRG Energy Inc (NYSE:NRG) stock has been trading at $27.95 up by $0.42 to record a 1.53% increase from its previous day close. The stock experienced a very volatile intraday trading. It started the day at $27.53 dropped immediately to the day’s low valuation of $27.36. In the next hour it went up by close to 2.5% to breach the day’s high price of $28.04. Through the reminder of the day the share price was constantly going up and coming down. Through the day over 3.48 million shares of the company changed hands, which was on par with its 65 day average trading volume of 3.5 million per day.
The previous day’s close share price indicates that the stock is trading 4.2% below its 52 week high valuation and is down $45% from its 52 week low valuation. The company’s 1.5% gain in value through the day was impressive in comparison to Dow Jones index seeing a dip of 0.32% and the utilities index going up only by 1.19%.
NRG Energy, Inc has been around since 1992. It is a hybrid power generation company which sells electricity to both wholesale and retail customers in United States. It has a power generation capacity of over 45105 MW. It has a grand mix of 89 coal and natural gas plants, solar plants and huge wind farms totalling up to 345 generating units.
Under its wholesale power division, the company is involved in power generation in its plants and trades it with other energy companies. Under its retail operations the company supplies energy and energy services to over 2.2 million retail customers under its numerous brands.
In the past few years the company is also vertically expanding into some of the new age technologies and delivery models in the energy sector by aggressively buying into smaller companies which are demonstrating potential in technologies. Under this nascent division, the company funds research into those emerging technologies around solar and pay per use metering model.