Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>NRG Energy's latest earnings conveyed a balanced outlook reflecting its recent performance and future strategic directions.</li><li>In the second quarter of 2025, NRG Energy reported solid financial performance, with an adjusted earnings per share of $1.73, marking an 8% growth year-over-year once normalized for asset sales and retirements.</li><li>The adjusted earnings per share for the first half stood at $4.42, a 48% increase on the same basis from the previous year.</li></ul>

NRG Energy's latest earnings conveyed a balanced outlook reflecting its recent performance and future strategic directions.In the second quarter of 2025, NRG Energy reported solid financial performance, with an adjusted earnings per share of $1.73, marking an 8% growth year-over-year once normalized for asset sales and retirements.The adjusted earnings per share for the first half stood at $4.42, a 48% increase on the same basis from the previous year.

NRG Energy: Will The LS Power Acquisition Be A Game Changer?

<ul><li>NRG Energy, Inc.'s first quarter results for 2025 outlined several strategic and financial developments.</li><li>Most notably, NRG announced a significant acquisition of assets from LS Power, including 13 gigawatts of natural gas generation and a 6-gigawatt commercial and industrial virtual power plant platform.</li><li>This move is aimed at expanding NRG's generation capacity, enhancing their competitive stance, and positioning the company to better capitalize on demand growth in U.S. power markets.</li></ul>

NRG Energy, Inc.'s first quarter results for 2025 outlined several strategic and financial developments.Most notably, NRG announced a significant acquisition of assets from LS Power, including 13 gigawatts of natural gas generation and a 6-gigawatt commercial and industrial virtual power plant platform.This move is aimed at expanding NRG's generation capacity, enhancing their competitive stance, and positioning the company to better capitalize on demand growth in U.S. power markets.

NRG Energy: Is Its Strategic Expansion in Smart Home & Energy Retail A Potential Game Changer?

<ul><li>NRG Energy, Inc.’s recent earnings call highlighted a period of robust financial performance coupled with an assertive focus on strategic growth initiatives.</li><li>NRG delivered an adjusted EPS of $6.83 for 2024, exceeding the midpoint of their increased guidance range by 8% and marking a notable 45% increase over 2023.</li><li>This achievement stems from across-the-board operational excellence, including expanded power and natural gas margins and growth in the consumer base, particularly in their East segment and Smart Home operations.</li></ul>

NRG Energy, Inc.’s recent earnings call highlighted a period of robust financial performance coupled with an assertive focus on strategic growth initiatives.NRG delivered an adjusted EPS of $6.83 for 2024, exceeding the midpoint of their increased guidance range by 8% and marking a notable 45% increase over 2023.This achievement stems from across-the-board operational excellence, including expanded power and natural gas margins and growth in the consumer base, particularly in their East segment and Smart Home operations.

NRG Energy: Maximizing Texas Generation Fleet Value Will Be A Breakthrough Move?

Providing investors with a balanced perspective, Massif Capital

Massif Capital Research

Providing investors with a balanced perspective

Massif Capital

Research focused on providing investors with a balanced perspective on the environmental and economic realities of achieving a carbon-neutral economy for businesses within the Energy, Basic Materials and Industrial industries.

The Massif Capital Real Asset Strategy is a global long/short equity strategy built around bottom-up stock picking. We are focused on creating a portfolio of businesses from within the Energy, Basic Materials and Industrial sectors that balance the environmental and economic realities of achieving a carbon-neutral economy.

Commodities

<h3><strong>This Week's Key Take Aways</strong></h3>
<ul>
<li>Lithium stock run may already be out of steam</li>
<li>Like Oil, the Natural Gas markets appear well supplied and are showing near-term weakness.</li>
<li>No love for North American lumber</li>
<li>Copper continues to have us on edge, love the long-term story, but we have got to survive the short and medium term to get there.</li>
<li>Renewable tax credit qualification has a new physical work standard; the race is on to build.</li>
</ul>

This Week's Key Take Aways

Lithium stock run may already be out of steam
Like Oil, the Natural Gas markets appear well supplied and are showing near-term weakness.
No love for North American lumber
Copper continues to have us on edge, love the long-term story, but we have got to survive the short and medium term to get there.
Renewable tax credit qualification has a new physical work standard; the race is on to build.


Real Asset Chartbook Week #18: Lithium Blinks, Gas Slips, Copper Stalls—Who Survives the Grind?

<ul><li>NRG Energy's third quarter 2024 results reflect a robust financial and operational performance, marked by increased guidance for the year and a solid forecast for 2025.</li><li>The company reported a strong EBITDA, underpinned by heightened plant operations and effective management, further amplified by strategic moves in the consumer automation and energy management sectors.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

NRG Energy's third quarter 2024 results reflect a robust financial and operational performance, marked by increased guidance for the year and a solid forecast for 2025.The company reported a strong EBITDA, underpinned by heightened plant operations and effective management, further amplified by strategic moves in the consumer automation and energy management sectors.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

NRG Energy Inc.: The Tale Of Virtual Power Plant (VPP) and New Technology Implementations!  - Major Drivers

United States

NRG Energy, Inc. owns and operates a diverse portfolio of power-generating facilities, primarily in the United States.  The Company's operations include energy production and cogeneration facilities, thermal energy production, and energy resource recovery facilities.

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Nrg Energy Inc (NRG US)

NRG Energy: Will The LS Power Acquisition Be A Game Changer?

NRG Energy's latest earnings conveyed a balanced outlook reflecting its recent performance and future strategic directions. In the second quarter...

Baptista Research

NRG Energy: Is Its Strategic Expansion in Smart Home & Energy Retail A Potential Game Changer?

NRG Energy, Inc.'s first quarter results for 2025 outlined several strategic and financial developments. Most notably, NRG announced a significant...

Baptista Research

NRG Energy: Maximizing Texas Generation Fleet Value Will Be A Breakthrough Move?

NRG Energy, Inc.’s recent earnings call highlighted a period of robust financial performance coupled with an assertive focus on strategic growth...

Baptista Research

Real Asset Chartbook Week #18: Lithium Blinks, Gas Slips, Copper Stalls—Who Survives the Grind?

This Week's Key Take Aways Lithium stock run may already be out of steam Like Oil, the Natural Gas markets appear well supplied and are showing...

Massif Capital Research

NRG Energy Inc.: The Tale Of Virtual Power Plant (VPP) and New Technology Implementations! - Major Drivers

NRG Energy's third quarter 2024 results reflect a robust financial and operational performance, marked by increased guidance for the year and a...

Baptista Research

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