Utilities Shares Rise on Data Center Optimism as NRG Plans $4B Sale

Renewed optimism about data center demand lifted power producers’ shares after disappointing midterm election results last week, while NRG Energy reported stronger quarterly profit and revenue and agreed to sell six power-generation assets for $4 billion.

Today, 01:50· Money Talk· 813 reads

NRG said the sale to LS Power covers six natural-gas-fired generation assets with a combined capacity of 4.9 gigawatts. The company expects the cash transaction to close in the second quarter of 2027, subject to customary conditions.

NRG said proceeds will help pay down debt and fund additional stock buybacks. Chief Executive Robert Gaudette described the company’s generation business as substantial and a source of steady earnings.

Utilities Shares Rise on Data Center Optimism as NRG Plans $4B Sale

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