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Nrg Energy Inc  (NRG)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities

Nrg Energy Inc's

Competitiveness


 

NRG Sales vs. its Competitors Q1 2021



Comparing the results to its competitors, Nrg Energy Inc reported Total Revenue increase in the 1 quarter 2021 by 300.74 % year on year.
The sales growth was above Nrg Energy Inc's competitors average revenue growth of 17.63 %, recorded in the same quarter.

List of NRG Competitors





Revenue Growth Comparisons




Net Income Comparison


Nrg Energy Inc recorded net loss , despite income increase by most of its competitors of 30.03 %

<<  More on NRG Income Comparisons


Nrg Energy Inc's Comment on Competitors and Industry Peers


NRG competes in wholesale power generation, deregulated retail energy services and in the development of renewable and conventional energy resources. The Retail Business competes with national and international companies that operate in multiple geographic areas, as well as numerous companies that are regional or local in nature, and other competitors, typically incumbent retail electric providers, which have the advantage of long-standing relationships with customers.

Wholesale Power Generation
Wholesale power generation is a capital-intensive, commodity-driven business with numerous industry participants. NRG competes on the basis of the location of its plants and ownership of portfolios of plants in various regions, which increases the stability and reliability of its energy revenues. Wholesale power generation is a regional business that is currently highly fragmented and diverse in terms of industry structure. As such, there is a wide variation in terms of the capabilities, resources, nature and identities of the companies NRG competes with depending on the market. Competitors include regulated utilities, other independent power producers, and power marketers or trading companies, including those owned by financial institutions, municipalities and cooperatives.

Retail
The deregulated electricity markets across the nation provide an intensely competitive landscape for energy providers to sell products and services to all customer segments (residential, small business, commercial and industrial businesses, governments and other public institutions). The retail markets in which the Company competes include but are not limited to the following states: Connecticut, Delaware, Illinois, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Ohio, Oregon and Texas, as well as the District of Columbia. The ERCOT market in Texas is NRG's biggest retail market.
Retail customers make purchase decisions based on a variety of factors, including price, customer service, brand, product choices, bundles or value-added features. Customers purchase products through a variety of sales channels including direct sales force, call centers, websites, brokers and brick-and-mortar stores.

Development
NRG continuously evaluates opportunities for development of new generation, on both a merchant and contracted basis. Merchant development opportunities, at present, are more limited due to the volatile power markets and the prevailing low price of natural gas prompted by the shale gas revolution over the past several years. As such, the majority of NRG's current developments are in response to Requests For Proposals, or RFPs, for new conventional or renewable generation and/or generating capacity backed by contracts with credit-worthy counterparties. Many RFPs are solicited by regulated utilities or electric system operators, often to comply with mandated renewable portfolio standards or to achieve an improved reserve margin, which is a measure of a market's available electric power capacity over and above the electric power capacity needed to meet normal peak demand levels. NRG competes against other power plant developers and manufacturers of solar panel assemblies. The number and type of competitors vary based on the location, generation type, project size and counterparty specified in the RFP. Bids are awarded based on many factors including price, location of existing generation, prior experience developing generation resources similar to that specified in the RFP, and creditworthiness.





  

Overall company Market Share Q1 2021

Due to outstanding performance in Overall company, revenue grew by 300.74 % Nrg Energy Inc improved its market share, to approximate 8.64 %.





<<  More on NRG Market Share.
 

*Market share calculated with total revenue.


NRG's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Nrg Energy Inc 15,157 9,199 601 9,806
The Aes Corporation 9,957 17,303 -106 18,500
American Electric Power Co Inc 15,452 41,273 2,276 1,859
Cms energy Corporation 6,899 16,414 851 7,741
Dominion Energy Inc 13,546 61,136 697 14,400
Dte Energy Co 12,933 25,272 1,426 10,000
Duke Energy Corporation 24,069 76,177 1,133 28,344
Edison International 13,748 21,033 948 13,690
Exelon Corporation 34,182 43,222 1,314 0
Firstenergy Corp 10,807 20,231 1,340 15,557
Nisource Inc 9,244 41,084 207 0
Ppl Corporation 7,051 21,541 -925 17,391
Paragon Offshore Plc 231 0 605 0
Public Service Enterprise Group Incorporated 10,090 30,090 2,122 12,689
The Southern Company 21,267 64,994 3,369 26,369
Teco Energy Inc 5,014 0 198 4,400
TXU CORP 0 0 0 0
Williams companies inc 8,418 32,609 1,203 6,742
Xcel Energy Inc 22,725 35,714 1,540 11,589
Wec Energy Group Inc 7,825 28,167 1,259 4,248
Scana Corporation 3,531 6,833 -115 5,989
Pepco Holdings Inc 4,340 0 -212 2,374
Dyne Therapeutics Inc 3,055 1,057 250 1,679
Ameren Corporation 5,451 20,423 606 8,527
Sempra Energy 11,600 41,818 4,086 17,046
NORTHEAST UTILITIES 0 0 0 8,248
Centerpoint Energy Inc 7,798 15,466 789 8,540
Consolidated Edison Inc 12,689 25,183 1,172 14,601
NextEra Energy, Inc. 0 0 0 0
Pg and e Corp 18,879 21,299 -1,555 22,581
Pinnacle West Capital Corporation 3,622 9,220 576 6,366
Entergy Corporation 10,531 20,295 1,623 13,393
Eversource Energy 9,357 27,292 1,244 8,248
Mdu Resources Group Inc 5,563 6,330 417 9,598
Macquarie Infrastructure Corporation 695 3,369 -925 3,600
SUBTOTAL 345,725 784,044 28,013 334,115


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