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NRG Energy stock rallies to lead the S&P 500’s winners after repurchase program boost, activist investor call to oust CEO

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Shares of NRG Energy Inc. jumped 2.8% toward a two-month high in morning trading Thursday, enough to pace the S&P 500’s gainers, after the Texas-based energy...

Shares of NRG Energy Inc. NRG jumped 2.8% toward a two-month high in morning trading Thursday, enough to pace the S&P 500’s SPX gainers, after the Texas-based energy utility said it boosted its stock repurchase program to $2.7 billion from $1 billion. The company also announced a new $150 million cost cutting plan to be completed by 2025.

8% toward a two-month high in morning trading Thursday, enough to pace the S&P 500’s SPX gainers, after the Texas-based energy utility said it boosted its stock repurchase program to $2.7 billion from $1 billion. The company also announced a new $150 million cost cutting plan to be completed by 2025.

 

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