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Sectors & IndustriesUtilitiesUtilities - Independent Power Producers
Best Independent Power Producer Stocks to Buy Now (2022)
Top independent power producer stocks in 2022 ranked by overall Zen Score. See the best independent power producer stocks to buy now, according to analyst forecasts for the utilities - independent power producers industry.

Industry: Utilities - Independent P...
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
NRG
NRG ENERGY INC
NYSE
Utilities - Independent Power Producers
$9.00B$38.27-2.32%$5.74B2.70x5.48
VST
VISTRA CORP
NYSE
Utilities - Independent Power Producers
$8.74B$21.00-1.78%$1.20B-8.30x5.95
WAVE
ECO WAVE POWER GLOBAL AB (PUBL)
NASDAQ
Utilities - Independent Power Producers
$21.37M$3.851.58%-$2.29M-9.63x0.18
TAC
TRANSALTA CORP
NYSE
Utilities - Independent Power Producers
$2.39B$8.83-0.79%$379.84M-7.21x4.52

Independent Power Producer Stocks FAQ

What are the best independent power producer stocks to buy right now in Oct 2022?

According to Zen Score, the 3 best independent power producer stocks to buy right now are:

1. Nrg Energy (NYSE:NRG)


Nrg Energy (NYSE:NRG) is the top independent power producer stock with a Zen Score of 54, which is 27 points higher than the independent power producer industry average of 27. It passed 21 out of 38 due diligence checks and has strong fundamentals. Nrg Energy has seen its stock lose -6.27% over the past year, underperforming other independent power producer stocks by -2 percentage points.

Nrg Energy has an average 1 year price target of $44.25, an upside of 15.63% from Nrg Energy's current stock price of $38.27.

Nrg Energy stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Nrg Energy, 50% have issued a Strong Buy rating, 0% have issued a Buy, 25% have issued a hold, while 25% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Vistra (NYSE:VST)


Vistra (NYSE:VST) is the second best independent power producer stock with a Zen Score of 23, which is -4 points lower than the independent power producer industry average of 27. It passed 8 out of 38 due diligence checks and has weak fundamentals. Vistra has seen its stock return 22.81% over the past year, overperforming other independent power producer stocks by 27 percentage points.

Vistra has an average 1 year price target of $33.00, an upside of 57.14% from Vistra's current stock price of $21.00.

Vistra stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Vistra, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Eco Wave Power Global Ab (NASDAQ:WAVE)


Eco Wave Power Global Ab (NASDAQ:WAVE) is the third best independent power producer stock with a Zen Score of 18, which is -9 points lower than the independent power producer industry average of 27. It passed 5 out of 33 due diligence checks and has weak fundamentals. Eco Wave Power Global Ab has seen its stock lose -43.47% over the past year, underperforming other independent power producer stocks by -39 percentage points.

What are the independent power producer stocks with highest dividends?

Out of 3 independent power producer stocks that have issued dividends in the past year, the 3 independent power producer stocks with the highest dividend yields are:

1. Nrg Energy (NYSE:NRG)


Nrg Energy (NYSE:NRG) has an annual dividend yield of 3.59%, which is 1 percentage points higher than the independent power producer industry average of 2.87%. Nrg Energy's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Nrg Energy's dividend has shown consistent growth over the last 10 years.

Nrg Energy's dividend payout ratio of 9.7% indicates that its dividend yield is sustainable for the long-term.

2. Vistra (NYSE:VST)


Vistra (NYSE:VST) has an annual dividend yield of 3.24%, which is the same as the independent power producer industry average of 2.87%.

Vistra's dividend payout ratio of -25.6% indicates that its dividend yield might not be sustainable for the long-term.

3. Transalta (NYSE:TAC)


Transalta (NYSE:TAC) has an annual dividend yield of 1.77%, which is -1 percentage points lower than the independent power producer industry average of 2.87%. Transalta's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Transalta's dividend has not shown consistent growth over the last 10 years.

Transalta's dividend payout ratio of -12.6% indicates that its dividend yield might not be sustainable for the long-term.

Why are independent power producer stocks down?

Independent power producer stocks were down -1.77% in the last day, and down -6.67% over the last week.

We couldn't find a catalyst for why independent power producer stocks are down.

What are the most undervalued independent power producer stocks?

Based on WallStreetZen's Valuation Score, the 2 most undervalued independent power producer stocks right now are:

1. Nrg Energy (NYSE:NRG)


Nrg Energy (NYSE:NRG) is the most undervalued independent power producer stock based on WallStreetZen's Valuation Score. Nrg Energy has a valuation score of 29, which is 18 points higher than the independent power producer industry average of 11. It passed 2 out of 7 valuation due diligence checks.

Nrg Energy's stock has dropped -6.27% in the past year. It has underperformed other stocks in the independent power producer industry by -2 percentage points.

2. Vistra (NYSE:VST)


Vistra (NYSE:VST) is the second most undervalued independent power producer stock based on WallStreetZen's Valuation Score. Vistra has a valuation score of 14, which is 3 points higher than the independent power producer industry average of 11. It passed 1 out of 7 valuation due diligence checks.

Vistra's stock has gained 22.81% in the past year. It has overperformed other stocks in the independent power producer industry by 27 percentage points.

Are independent power producer stocks a good buy now?

66.67% of independent power producer stocks rated by analysts are a buy right now. On average, analysts expect independent power producer stocks to rise by 32.16% over the next year.

What is the average p/e ratio of the utilities - independent power producers industry?

The average P/E ratio of the utilities - independent power producers industry is -3.26x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.