FERC suspends PJM plan as NRG Energy stock loses 1.26 percent

Published on 10/08/2026 at 18:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 11.00 percent to USD 7.48 billion. NRG Energy stock costs EUR 95.79 on October 8, 2026 after EUR 97.01.

Key points in brief

FERC suspended PJM's Reliability Backstop Procurement plan until February 28, 2027, delaying potential capacity revenue for NRG Energy.
NRG Energy reported USD 7.48 billion in second-quarter 2026 revenue, up 11.00 percent year over year, while adjusted earnings per share missed estimates.
NRG Energy stock was trading at EUR 95.79 at Lang & Schwarz on October 8, 2026, down 1.26 percent from the EUR 97.01 prior close.
Morgan Stanley cut its NRG Energy price target from USD 162.00 to USD 159.00 while retaining an Equal Weight rating.

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NRG Energy stock was trading at EUR 95.79 at Lang & Schwarz on October 8, 2026, down 1.26 percent from the EUR 97.01 prior close. As StocksToTrade reported on October 7, 2026, FERC accepted but suspended PJM's Reliability Backstop Procurement plan until February 28, 2027, while Scotiabank and Morgan Stanley reduced their targets.

Three events reshape the valuation

On August 4, 2026, NRG Energy reported second-quarter revenue of USD 7.48 billion, up 11.00 percent year over year, and GAAP net income of USD 506.00 million. Financial Report Insights also reported adjusted earnings per share of USD 1.49, down from USD 1.73 in the year-earlier quarter.

On September 18, 2026, StocksToTrade said Morgan Stanley cut its NRG Energy target from USD 162.00 to USD 159.00 and retained an Equal Weight rating. On October 7, 2026, the same report said FERC suspended the PJM framework until February 28, 2027.

What does the PJM delay mean for revenue?

The delay pushes the timing of potential capacity revenue into a later regulatory process. Financial Report Insights said NRG Energy expects USD 811.00 million of PJM capacity revenue for the 2028-2029 delivery year after the July 14, 2026 auction cleared at USD 325.00 per megawatt-day. That figure gives the company longer-term visibility, but the suspended procurement plan leaves the near-term regulatory path unsettled.

Results date and analyst reset

Investing.com lists November 5, 2026 as NRG Energy's next earnings date. The same page shows an average 12-month analyst target of USD 185.50, while the October 7 report placed the broader mean target near USD 190.93.

The next PJM special procurement window runs through October 21, 2026, according to Financial Report Insights. For NRG Energy, the key tension is visible in the numbers: second-quarter revenue grew 11.00 percent, but adjusted earnings per share fell 13.87 percent year over year as acquisition-related financing costs increased.

Stock trades lower after the regulatory update

NRG Energy was trading at EUR 95.79 at Lang & Schwarz on October 8, 2026, compared with a prior close of EUR 97.01. The move keeps the stock tied to both regulatory timing and the company's ability to convert new capacity into per-share earnings.

The further course of trading is shown by the continuously updated real-time quote of NRG Energy stock.