In early October, NRG Energy capitulated to investor craving for short term gain. NRG has successfully been leading the charge amongst traditional fossil fuel companies in implementing green energy portfolios'. They have lead by example. As CEO David Crane said to New York Times columnist Joe Nocera almost a year ago “It’s like Wayne Gretzky said,” he told me before hanging up the phone. “We are skating where the puck is going, rather than where it is now.”" Which is in fact the last time NRG was written about in the Times.
Investors being dissatisfied with NRGs stock price has put pressure on the company to divest its focus on the alternative energy and go back to what works now. Coal powered plants.
In a time when polls and meta-analysis of news and opinion show that the majority of Americans are concerned about climate change, if not for the impact on our lives then definitely for our children's. With the exception of some of the most conservative of republicans. I doubt the latter constitute the majority of investors in NRG stock. Which begs the question, why are we punishing a company for working so hard for the health of our future(thats us and the planet), even with promise of sustainable long term profit? Based on the business trajectory of NRGs wind, solar and home solar business's it seems like a sure bet for a long term investment, as sure as any other business, including fossil fuels.
Alternative energy works now, just like Fords first assembly line car did when it drove out of the factory.
We need start putting our money where our principles are. We need to start investing in our future not just talking about it. Companies like NRG should be rewarded, not punished for working for our well being.
Let's pay attention to where the puck is going, and head in that direction!!!!
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