Rasesh M.  Patel net worth and biography

Rasesh Patel Biography and Net Worth

President of NRG Energy
Rasesh serves as President, NRG Consumer, where he oversees the company’s broad portfolio of consumer products and services, including Smart Home and Home Energy, ensuring they work together seamlessly to provide customers with a connected and powerful experience in their home.

He is responsible for directing all aspects of NRG Home, which offers residential power and gas services to millions of customers through multiple brands and channels in the United States and Canada. NRG Home comprises the largest competitive residential electricity business in Texas and the U.S. Within Smart Home, Rasesh oversees sales, marketing, operations, technology platforms and products and services for Vivint, North America’s leading Smart Home company.

Rasesh joined NRG from Vivint, serving as President of Vivint Smart Home since NRG’s acquisition in March 2023. Prior to Vivint, he spent seven years at AT&T where he served in various executive leadership roles before being named chief product and platform officer for AT&T business. In that capacity, Rasesh was responsible for a P&L with $35 billion of annual revenue, as well as its integrated platforms, products, and solutions including fiber, 5G, Edge, IoT, cybersecurity, collaboration, and cloud connectivity.

Prior to its acquisition by AT&T, Rasesh served as senior vice president of customer experience for DIRECTV. Through his focus on developing a seamless omnichannel customer experience, DIRECTV’s NPS improved from third to first in the industry while simultaneously driving significant operating efficiencies.

Rasesh received an MBA from UCLA’s Anderson School of Management and a bachelor’s degree in electrical and computer engineering from the University of California, Irvine.

What is Rasesh M. Patel's net worth?

The estimated net worth of Rasesh M. Patel is at least $20.71 million as of May 17th, 2024. Mr. Patel owns 266,064 shares of NRG Energy stock worth more than $20,713,082 as of July 1st. This net worth estimate does not reflect any other assets that Mr. Patel may own. Additionally, Mr. Patel receives an annual salary of $2,510,000.00 as President at NRG Energy. Learn More about Rasesh M. Patel's net worth.

How old is Rasesh M. Patel?

Mr. Patel is currently 50 years old. There are 6 older executives and no younger executives at NRG Energy. Learn More on Rasesh M. Patel's age.

What is Rasesh M. Patel's salary?

As the President of NRG Energy, Inc., Mr. Patel earns $2,510,000.00 per year. Learn More on Rasesh M. Patel's salary.

How do I contact Rasesh M. Patel?

The corporate mailing address for Mr. Patel and other NRG Energy executives is 804 CARNEGIE CENTER, PRINCETON NJ, 08540. NRG Energy can also be reached via phone at (713) 537-3000 and via email at [email protected]. Learn More on Rasesh M. Patel's contact information.

Has Rasesh M. Patel been buying or selling shares of NRG Energy?

Rasesh M. Patel has not been actively trading shares of NRG Energy during the last quarter. Most recently, Rasesh M. Patel sold 24,546 shares of the business's stock in a transaction on Friday, May 17th. The shares were sold at an average price of $83.41, for a transaction totalling $2,047,381.86. Following the completion of the sale, the insider now directly owns 266,064 shares of the company's stock, valued at $22,192,398.24. Learn More on Rasesh M. Patel's trading history.

Who are NRG Energy's active insiders?

NRG Energy's insider roster includes David Callen (SVP), Antonio Carrillo (Director), Robert Gaudette (SVP), Mauricio Gutierrez (CEO), Elizabeth Killinger (VP), Christopher Moser (VP), and Rasesh Patel (President). Learn More on NRG Energy's active insiders.

Are insiders buying or selling shares of NRG Energy?

In the last twelve months, insiders at the utilities provider sold shares 2 times. They sold a total of 73,638 shares worth more than $5,120,050.14. The most recent insider tranaction occured on May, 17th when insider Rasesh M Patel sold 24,546 shares worth more than $2,047,381.86. Insiders at NRG Energy own 0.6% of the company. Learn More about insider trades at NRG Energy.

Information on this page was last updated on 5/17/2024.

Rasesh M. Patel Insider Trading History at NRG Energy

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
5/17/2024Sell24,546$83.41$2,047,381.86266,064View SEC Filing Icon  
3/14/2024Sell49,092$62.59$3,072,668.28356,962View SEC Filing Icon  
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Rasesh M. Patel Buying and Selling Activity at NRG Energy

This chart shows Rasesh M Patel's buying and selling at NRG Energy by year and by quarter.

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NRG Energy Company Overview

NRG Energy logo
NRG Energy, Inc., together with its subsidiaries, operates as an energy and home services company in the United States and Canada. It operates through Texas; East; West/Services/Other; Vivint Smart Home; and Corporate Activities segments. The company produces and sells electricity generated using coal, oil, solar, and battery storage; natural gas; and a cloud-based home platform, including hardware, software, sales, installation, customer service, technical support, and professional monitoring solutions. It offers retail electricity and energy management, line and surge protection products, HVAC installation, repair and maintenance, home protection products, carbon offsets, back-up power stations, portable power, portable solar, and portable lighting; retail services comprising demand response, commodity sales, energy efficiency, and energy management solutions; and system power, distributed generation, renewable and low-carbon products, carbon management and specialty services, backup generation, storage and distributed solar, and energy advisory services. In addition, the company trades in power, natural gas, and related commodities; environmental products; weather products; and financial products, including forwards, futures, options, and swaps. It offers its products and services under the NRG, Reliant, Direct Energy, Green Mountain Energy, and Vivint. It serves residential, commercial, government, industrial, and wholesale customers. NRG Energy, Inc. was founded in 1989 and is headquartered in Houston, Texas.
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Today's Range

Now: $77.85
Low: $77.27
High: $79.27

50 Day Range

MA: $79.25
Low: $70.39
High: $86.00

2 Week Range

Now: $77.85
Low: $35.97
High: $87.58

Volume

1,839,704 shs

Average Volume

3,723,153 shs

Market Capitalization

$16.23 billion

P/E Ratio

11.03

Dividend Yield

2.09%

Beta

1.08