NRG Energy ($NRG) – A utility with millions of customers and a stupid cheap price to forward P/E of 5.82 and an even juicier price to free-cash-flow of 5.63. They also pay a 1.30 annual dividend which works out to 3.87%. In addition, every year since 2017 they have reduced their share count with buybacks. NRG Energy is a very profitably utility that faced headwinds following their acquisition of Direct Energy which was involved in the winter storm that locked up a lot of Texas’s green energy sector. (Impact of it is expected to be $550 million.) This is minor in the scale of NRG’s revenue and their annual free-cash-flow. Recent distribution of the stock has hit a point where I think the selling pressure is off. It has spent the last two weeks in a down-trend to base support right around $33.35 This is a zone which held strong at several points this year. Selling volume hit a relative high yesterday and today’s volume came in light that could confirm an oversold condition and likely start a counter-trend. (Moving back up.) The stock is trading in a sweet spot $4 below its 200-day moving average. Even in March of 2020 (the pandemic crash) It only stayed there for 8-weeks. In all other cases it was a 5-week or less time period. The current time below 200 is 4-weeks. (The green line is the 200-day moving average.) For these reasons I believe the stock is a good short-term long with prices that should reach above $38. In the long term I think the stock will trade around $45. (The long term target gives a 32% delta with dividends and potential appreciation.) Anyone have anything to add?