High Cash Burn Rate Could Return For NRG Energy, Jefferies Reports

NRG Energy, Inc. (NYSE: NRG) is planning to make a decision regarding the nuclear expansion project in the next six to nine months, Jefferies reports.

“Although the company has cut back 95% of its nuclear spending, we believe that, if NRG receives the loan guarantee, the high cash burn rate will return,” Jefferies writes.

NRG Energy closed Monday at $19.09.