On Tuesday, NRG Energy got an upgrade for its IBD SmartSelect Composite Rating from 92 to 98.
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The new score means the company is now outperforming 98% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The market's biggest winners often have a 95 or higher score in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
NRG Energy is now out of buy range after clearing the 104.20 entry in a double bottom.
One weak spot is the company's 77 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.
The company reported an 84% rise in earnings for Q1. It has now posted accelerating EPS growth for two consecutive quarters. Sales growth climbed 16%, up from 0% in the prior quarter. That marks two quarters of rising growth.
NRG Energy earns the No. 1 rank among its peers in the Utility-Diversified industry group. Genie Energy and Ameren are also among the group's highest-rated stocks.
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