In 2017 NRG Energy's (NYSE: NRG) leadership took a look at the company and decided that changes needed to be made. The energy company's three key priorities were reducing costs, slimming down the business, and reducing debt. With a lot of the heavy lifting already done, is it worth adding NRG Energy to your portfolio, or should you continue to wait on the sidelines?
The 2017 reorganization plan at NRG Energy was scheduled to last three years, with 2020 being the ultimate end date. It has made material progress on the plan, reducing costs, jettisoning assets, and trimming leverage. For example, it beat its articulated plan targets across the board in 2018. And while 2019 isn't over yet, the energy company appears confident that it remains on track to achieve its 2019 goals as well. That should make completing the plan by the target date an easy success.
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