What NRG Energy Bears Spotted Before The Slide

If you only glanced at NRG Energy’s headlines this year, the story looked straightforward. Revenue and net income moved higher, recent quarters showed a swing from loss to profit, and capacity expanded with large gas assets coming in. Holding NRG Energy over the past year would have meant a 45.1% loss, including dividends. If you had bought in a year ago on that promise of scale and integration, what exactly was signaling that this outcome was on the table? This theme extends beyond NRG...