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.
https://www.tipranks.com/news/article/will-nrg-energy-address-the-surging-power-demand-this-summer?utm_source=advfn.com&utm_medium=referral
NRG Energy (NYSE:NRG)
Historical Stock Chart
From Jul 2022 to Aug 2022 Click Here for more NRG Energy Charts.
NRG Energy (NYSE:NRG)
Historical Stock Chart
From Aug 2021 to Aug 2022 Click Here for more NRG Energy Charts.