Will NRG Energy Address The Surging Power Demand This Summer?
June 17 2022 - 06:59AM
TipRanks
The Fed just undertook the biggest rate hike since 1994. Inflation
continues to soar, and more rate hikes may be around the corner.
With the possibility of a recession growing by the day, consumers
will resort to cutting down on spending. In these times, it pays to
sell a product that people simply cannot live without. This makes
electric utility company NRG Energy (NRG) extremely resilient to
inflation and recession as people simply cannot go without heat or
light. It is one of the largest independent power suppliers and
caters to about six million residential and commercial
customers.
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NRG Energy (NYSE:NRG)
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