NRG Energy Inc (NRG) stock is skyrocketing in pre-market trading on Monday, surging 17.75% following a series of positive announcements that have excited investors. The company has revealed plans for a major acquisition, reported better-than-expected first-quarter earnings, and provided an optimistic outlook for the year ahead.

In a bold move to expand its operations, NRG Energy has agreed to acquire LS Power's portfolio of natural gas generation facilities and power plant platform in a cash-and-stock deal valued at approximately $12 billion. This strategic acquisition will effectively double NRG's generation capacity, adding 18 natural gas-fired facilities across nine states and expanding the company's footprint significantly. The deal also includes CPower, LS Power's commercial and industrial virtual power plant platform, further enhancing NRG's capabilities in the power sector.

Adding to the positive sentiment, NRG Energy reported impressive first-quarter 2025 results that surpassed analyst expectations. The company posted adjusted earnings per share of $2.68, significantly beating the consensus estimate of $1.49. Quarterly revenue also exceeded forecasts, coming in at $8.59 billion compared to the expected $7.83 billion. Furthermore, NRG has reaffirmed its full-year 2025 guidance, projecting adjusted earnings per share in the range of $6.75 to $7.75, which aligns with or surpasses current market expectations. This combination of strong current performance and positive future outlook has clearly resonated with investors, driving the substantial pre-market stock price increase.