NRG

NRG Energy

Utilities›Independent Power & Renewable Electricity Producers›Independent Power Producers & Energy Traders

8 stocks · 12 ETFs

data as of Aug 24, 2026

REPLACEMENT RESEARCH

Tax-loss harvesting alternatives for NRG

Among the 8 Independent Power Producers & Energy Traders peers screened, TLN (Talen Energy) has tracked NRG most closely over the past year, with a return correlation of 0.67. The strongest fund stand-in is VPU (Vanguard Utilities ETF) at 0.53 over the past year. Correlations are computed from daily closing-price returns aligned by trading day.

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STOCKS

Single-name peers

Ticker	Name	Sub-industry	1Y	3Y	5Y	10Y
TLN	Talen Energy	Independent Power Producers & Energy Traders	0.67	0.61	0.61	—
CWEN	Clearway Energy, Inc. (Class C)	Renewable Electricity	0.42	0.34	0.37	0.38
FSLR	First Solar Inc.	Renewable Electricity	0.29	0.29	0.27	0.27
RUN	Sunrun Inc.	Renewable Electricity	0.27	0.22	0.24	0.26
ORA	Ormat Technologies	Renewable Electricity	0.24	0.19	0.24	0.28
AES	AES Corporation	Independent Power Producers & Energy Traders	0.20	0.27	0.33	0.41
SEDG	SolarEdge Technologies	Renewable Electricity	0.17	0.13	0.15	0.19
ENPH	Enphase Energy	Renewable Electricity	0.13	0.10	0.13	0.16

ETFS

Fund stand-ins

An ETF is generally not 'substantially identical' to a single stock, which is why funds are the standard wash-sale-aware replacement.

Ticker	Name	Focus	Match	1Y	3Y	5Y	10Y
VPU	Vanguard Utilities ETF	Utilities Sector	SECTOR	0.53	0.43	0.44	0.45
FUTY	Fidelity MSCI Utilities ETF	Utilities Sector	SECTOR	0.52	0.42	0.44	0.45
XLU	Utilities Select Sector SPDR	Utilities Sector	SECTOR	0.50	0.42	0.43	0.44
IDU	iShares US Utilities ETF	Utilities Sector	SECTOR	0.49	0.42	0.43	0.45
QCLN	First Trust NASDAQ Clean Edge	Clean Energy	INDUSTRY	0.45	0.40	0.38	0.40
ICLN	iShares Global Clean Energy	Clean Energy	INDUSTRY	0.42	0.31	0.32	0.37
IWM	iShares Russell 2000	Small-Cap	BROAD	0.42	0.43	0.44	0.46
VTI	Vanguard Total Stock Market	Total US Market	BROAD	0.39	0.48	0.47	0.49
SPY	SPDR S&P 500 ETF	S&P 500	BROAD	0.38	0.48	0.46	0.48
VOO	Vanguard S&P 500 ETF	S&P 500	BROAD	0.37	0.48	0.46	0.48
IVV	iShares Core S&P 500	S&P 500	BROAD	0.37	0.48	0.46	0.48
TAN	Invesco Solar ETF	Solar Energy	SUB-IND	0.33	0.28	0.28	0.32

NEXT STEPS

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Replacement research for NRG's peers

TLN CWEN FSLR RUN ORA AES SEDG ENPH

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Method: Pearson correlation of daily closing-price returns, Yahoo Finance data, series aligned by trading day, refreshed weekly. A cell is blank when overlapping history covers less than 60% of its window. Correlation is descriptive, not predictive. Wash-sale treatment depends on facts and circumstances — confirm with a tax professional. Not investment advice.