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Best Independent Power Producer Stocks to Buy Now (2024)
Top independent power producer stocks in 2024 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
PAM
PAMPA ENERGY INC
NYSE
Utilities - Independent Power Producers
$2.55B$46.880.39%$984.00M8.52x0.96
NRG
NRG ENERGY INC
NYSE
Utilities - Independent Power Producers
$16.66B$79.930.38%$4.03B11.32x6.70
VST
VISTRA CORP
NYSE
Utilities - Independent Power Producers
$31.73B$91.33-0.31%$3.81B55.02x5.46
KEN
KENON HOLDINGS LTD
NYSE
Utilities - Independent Power Producers
$1.38B$26.140.19%-$29.51M-6.33x2.18
TAC
TRANSALTA CORP
NYSE
Utilities - Independent Power Producers
$2.26B$7.371.38%$1.12B5.24x3.77

Independent Power Producer Stocks FAQ

What are the best independent power producer stocks to buy right now in Jul 2024?

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

1. Pampa Energy (NYSE:PAM)


Pampa Energy (NYSE:PAM) is the top independent power producer stock with a Zen Score of 50, which is 13 points higher than the independent power producer industry average of 37. It passed 16 out of 33 due diligence checks and has strong fundamentals. Pampa Energy has seen its stock return 8.54% over the past year, underperforming other independent power producer stocks by -69 percentage points.

Pampa Energy has an average 1 year price target of $50.50, an upside of 7.72% from Pampa Energy's current stock price of $46.88.

Pampa Energy stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Pampa Energy, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Nrg Energy (NYSE:NRG)


Nrg Energy (NYSE:NRG) is the second best independent power producer stock with a Zen Score of 43, which is 6 points higher than the independent power producer industry average of 37. It passed 16 out of 38 due diligence checks and has strong fundamentals. Nrg Energy has seen its stock return 110.9% over the past year, overperforming other independent power producer stocks by 34 percentage points.

Nrg Energy has an average 1 year price target of $80.40, an upside of 0.59% from Nrg Energy's current stock price of $79.93.

Nrg Energy stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Nrg Energy, 40% have issued a Strong Buy rating, 0% have issued a Buy, 60% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Vistra (NYSE:VST)


Vistra (NYSE:VST) is the third best independent power producer stock with a Zen Score of 43, which is 6 points higher than the independent power producer industry average of 37. It passed 16 out of 38 due diligence checks and has strong fundamentals. Vistra has seen its stock return 241.29% over the past year, overperforming other independent power producer stocks by 164 percentage points.

Vistra has an average 1 year price target of $94.67, an upside of 3.65% from Vistra's current stock price of $91.33.

Vistra stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Vistra, 66.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

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. Kenon Holdings (NYSE:KEN)


Kenon Holdings (NYSE:KEN) has an annual dividend yield of 14.54%, which is 10 percentage points higher than the independent power producer industry average of 4.84%. Kenon Holdings's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Kenon Holdings's dividend has shown consistent growth over the last 10 years.

Kenon Holdings's dividend payout ratio of -92% indicates that its high dividend yield might not be sustainable for the long-term.

2. Nrg Energy (NYSE:NRG)


Nrg Energy (NYSE:NRG) has an annual dividend yield of 1.96%, which is -3 percentage points lower than the independent power producer industry average of 4.84%. 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 22.2% indicates that its dividend yield is sustainable for the long-term.

3. Vistra (NYSE:VST)


Vistra (NYSE:VST) has an annual dividend yield of 0.93%, which is -4 percentage points lower than the independent power producer industry average of 4.84%. Vistra's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Vistra's dividend has shown consistent growth over the last 10 years.

Vistra's dividend payout ratio of 50.5% indicates that its dividend yield is sustainable for the long-term.

Why are independent power producer stocks up?

Independent power producer stocks were up 0.14% in the last day, and up 3.13% over the last week.

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

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. Pampa Energy (NYSE:PAM)


Pampa Energy (NYSE:PAM) is the most undervalued independent power producer stock based on WallStreetZen's Valuation Score. Pampa Energy has a valuation score of 71, which is 37 points higher than the independent power producer industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Pampa Energy's stock has gained 8.54% in the past year. It has underperformed other stocks in the independent power producer industry by -69 percentage points.

2. Transalta (NYSE:TAC)


Transalta (NYSE:TAC) is the second most undervalued independent power producer stock based on WallStreetZen's Valuation Score. Transalta has a valuation score of 43, which is 9 points higher than the independent power producer industry average of 34. It passed 3 out of 7 valuation due diligence checks.

Transalta's stock has dropped -25.63% in the past year. It has underperformed other stocks in the independent power producer industry by -103 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 3.4% 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 35.89x.
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