Princeton, NJ-headquartered NRG Energy Inc. NRG is engaged in the production, sale and delivery of energy and energy products and services to residential, industrial and commercial consumers in major competitive power markets in the U.S. As of Dec 31, 2015, the total generation capacity of the company was 51,978 megawatt (MW)NRG Energy is focused on expanding its renewable portfolio and announced its move to reintegrate the renewables business into the NRG Energy platform. The company with its renewable asset addition program is well poised to benefit from the extension of the Investment Tax Credit (ITC) for solar and Production Tax Credit (PTC) for wind.In 2016, NRG Energy has targeted to sell assets worth $500 million out of which $138 million has been sold in the first quarter. The proceeds from the asset drop-down and divestiture programs are utilized to acquire assets, which support the long-term growth objectives of the companyEstimate Trend & Surprise HistoryInvestors should note that the first quarter Zacks Consensus Estimate is a loss of 17 cents.Coming to the earnings surprise, NRG Energy has surpassed the Zacks Consensus Estimate in one of the last four quarters, resulting in a negative average surprise of 185.24%.Zacks Rank: Currently, NRG Energy has a Zacks Rank#3 (Hold) but that could change following its first quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:Earnings: NRG Energy’s bottom line was much better than expected. Our consensus called for a loss of 17 cents, and the company reported earnings of 24 cents.Revenue: The Company missed the revenue estimates. NRG Energy posted revenues of $3,229 million in the quarter, compared to our consensus estimate of $3,580 million.Stock Price: It would be interesting to see how the market reacts to the results during the trading session today.Check back later for our full write up on this NRG Energy earnings report!Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NRG ENERGY INC (NRG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research