Sectors & Industries UtilitiesUtilities - Independent Power Producers
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...

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
NRG	NRG ENERGY INC	United States	$15.30B	208,475,647	85.03%	14.97%	Net Selling	Net Selling
PAM	PAMPA ENERGY INC	Argentina	$2.71B	1,359,641,441	0.51%	0.00%
VST	VISTRA CORP	United States	$28.44B	347,885,110	63.06%	36.94%	Net Selling	Net Selling
TAC	TRANSALTA CORP	Canada	$2.18B	306,933,951	59.11%	0.00%
KEN	KENON HOLDINGS LTD	Singapore	$1.20B	52,765,845	13.67%	0.00%

Independent Power Producer Stocks FAQ

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

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 45, which is 11 points higher than the independent power producer industry average of 34. It passed 17 out of 38 due diligence checks and has strong fundamentals. Nrg Energy has seen its stock return 134.43% over the past year, overperforming other independent power producer stocks by 49 percentage points.

Nrg Energy has an average 1 year price target of $66.80, a downside of -8.99% from Nrg Energy's current stock price of $73.40.

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.

2. Pampa Energy (NYSE:PAM)

Pampa Energy (NYSE:PAM) is the second best independent power producer stock with a Zen Score of 35, which is 1 points higher than the independent power producer industry average of 34. It passed 11 out of 33 due diligence checks and has average fundamentals. Pampa Energy has seen its stock return 47.44% over the past year, underperforming other independent power producer stocks by -38 percentage points.

Pampa Energy has an average 1 year price target of $47.00, a downside of -5.72% from Pampa Energy's current stock price of $49.85.

Pampa Energy stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 analysts covering Pampa Energy, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% 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 34, which is equal to the independent power producer industry average of 34. It passed 12 out of 38 due diligence checks and has average fundamentals. Vistra has seen its stock return 249.62% over the past year, overperforming other independent power producer stocks by 164 percentage points.

Vistra has an average 1 year price target of $74.75, a downside of -8.55% from Vistra's current stock price of $81.74.

Vistra stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Vistra, 50% have issued a Strong Buy rating, 50% 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 4 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 16.67%, which is 11 percentage points higher than the independent power producer industry average of 5.6%. 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 -86% indicates that its high dividend yield might not be sustainable for the long-term.

2. Transalta (NYSE:TAC)

Transalta (NYSE:TAC) has an annual dividend yield of 2.55%, which is -3 percentage points lower than the independent power producer industry average of 5.6%. Transalta's dividend payout is not stable, having dropped more than 10% two 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 12.9% indicates that its dividend yield is sustainable for the long-term.

3. Nrg Energy (NYSE:NRG)

Nrg Energy (NYSE:NRG) has an annual dividend yield of 2.14%, which is -3 percentage points lower than the independent power producer industry average of 5.6%. 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.

Why are independent power producer stocks down?

Independent power producer stocks were down -2.31% in the last day, and up 5.85% over the last week. Nrg Energy was the among the top losers in the utilities - independent power producers industry, dropping -5.76% yesterday.

NRG Energy shares are trading higher after the company reported better-than-expected Q1 GAAP EPS results.

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. Transalta (NYSE:TAC)

Transalta (NYSE:TAC) is the most undervalued independent power producer stock based on WallStreetZen's Valuation Score. Transalta has a valuation score of 43, which is 14 points higher than the independent power producer industry average of 29. It passed 3 out of 7 valuation due diligence checks.

Transalta's stock has dropped -27.23% in the past year. It has underperformed other stocks in the independent power producer industry by -112 percentage points.

2. Pampa Energy (NYSE:PAM)

Pampa Energy (NYSE:PAM) is the second most undervalued independent power producer stock based on WallStreetZen's Valuation Score. Pampa Energy has a valuation score of 43, which is 14 points higher than the independent power producer industry average of 29. It passed 3 out of 7 valuation due diligence checks.

Pampa Energy's stock has gained 47.44% in the past year. It has underperformed other stocks in the independent power producer industry by -38 percentage points.

Are independent power producer stocks a good buy now?

33.33% of independent power producer stocks rated by analysts are a strong buy right now. On average, analysts expect independent power producer stocks to fall by -8.02% 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 16.63x.

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.

Independent Power Producer Stocks FAQ

1. Nrg Energy (NYSE:NRG)

2. Pampa Energy (NYSE:PAM)

3. Vistra (NYSE:VST)

1. Kenon Holdings (NYSE:KEN)

2. Transalta (NYSE:TAC)

3. Nrg Energy (NYSE:NRG)

1. Transalta (NYSE:TAC)

2. Pampa Energy (NYSE:PAM)

Company

Stock Tools

Stock Ideas