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NRG Energy, Inc. (NRG)

  • Mon, Jun. 29, 7:37 PM
    • For some big U.S. power companies, the Supreme Court's rejection of EPA rules reducing air pollutants from coal-fired plants has arrived too late for them to turn away from a natural gas-fueled future.
    • FirstEnergy (NYSE:FE) already has deactivated 5,429 MW of coal-fired generation and says it has no intention of placing any of it back on line, saying "deactivating power plants is an expensive process, and once they are deactivated it is difficult to restart them."
    • Dynegy (NYSE:DYN) says it already spent $2B to comply with MATS and other air regulations, and NRG Energy (NYSE:NRG) says it already added the necessary equipment to comply with state and federal laws.
    • Officials at other big power companies including American Electric Power (NYSE:AEP) and Duke Energy (NYSE:DUK) also say they will not change their ongoing MATS compliance activities.
    | Mon, Jun. 29, 7:37 PM | 36 Comments
  • Wed, Jun. 10, 9:57 AM
    • PJM Interconnection, the largest U.S. electricity grid, wins approval from U.S. regulators for a plan to increase reliability at power plants and avoid a repeat of the shutdowns and price spikes during the unseasonably cold winter of 2014.
    • Under the plan, which takes effect in 2018 after a capacity auction this year, generators that promise to be available during peak demand periods will receive higher payouts than other plants and will be penalized for failing to meet the commitments; the auction, planned for May, was delayed after FERC declined PJM’s initial proposal and asked for more information.
    • The largest generators in PJM are trading higher at the open: NRG +4.2%, AEP +1.4%, EXC +3.1%, PEG +1.1%, DYN +7.2%.
    • Also: TLN +4%, NEE +1.2%, PCG +0.7%, EE +1.5%, SO +0.5%, D +0.2%, DUK +0.9%, XLU +0.9%.
    | Wed, Jun. 10, 9:57 AM | 6 Comments
  • Tue, May 26, 10:55 AM
    • NRG Yield (NYLD +2.4%) is added to the Best Ideas List at Morgan Stanley following the recent decline in the share price, maintaining an Overweight rating and $32 price target.
    • NYLD has plunged nearly 4% this month vs. an average ~5% gain in peer yieldcos, a divergence that has not been driven by any fundamental business changes but by confusion about the recent recap, the firm says.
    • Stanely believes NYLD's fundamentals, which are driven by the growth in U.S. renewables, remain robust and will drive a projected 17% 2015-19 dividend compound annual growth rate.
    • NRG -2.1%.
    | Tue, May 26, 10:55 AM | Comment!
  • Fri, May 8, 4:47 PM
    • Oil stocks rallied today, with NRG Energy (NYSE:NRG), Range Resources (NYSE:RRC) and Southwestern Energy (NYSE:SWN) among the top performing stocks in the S&P 500, but Credit Suisse analysts Jan Stuart and Johannes Van Der Tuin are worried about a correction in oil prices.
    • The firm says the direction of oil market fundamentals has been bullish, with accelerating demand growth followed by the turn of inventory and supply trends, but worries that oil markets have turned even more sharply; Brent and WTI are technically in break-out territory relative to ranges in place as recently as a month ago, according to the analysts.
    | Fri, May 8, 4:47 PM | 24 Comments
  • Fri, May 8, 7:12 AM
    • NRG Energy (NYSE:NRG): Q1 EPS of -$0.37 may not be comparable to consensus of $0.24.
    • Revenue of $3.83B (+9.7% Y/Y) beats by $170M.
    • Press Release
    | Fri, May 8, 7:12 AM | Comment!
  • Mon, Apr. 20, 7:45 AM
    • NRG Energy (NYSE:NRG) declares $0.145/share quarterly dividend, in line with previous.
    • Forward yield 2.32%
    • Payable May 15; for shareholders of record May 1; ex-div April 29.
    | Mon, Apr. 20, 7:45 AM | Comment!
  • Wed, Apr. 1, 12:26 PM
    • Dynegy (DYN -2.1%) and NRG Energy (NRG -5.6%) are sharply lower after the FERC declined to approve a capacity performance plan submitted by the PJM Interconnection consortium and asked for answers to additional questions about the initiative.
    • PJM operates a wholesale electricity market in the eastern U.S.; DYN is involved in the PJM and is looking to boost its share within the Regional Transmission Organization with proposed asset purchases, and a small part of NRG's capacity is within PJM.
    • Deutsche Bank analyst Jonathan Arnold notes that FERC did not reject the proposal, but says FERC's action prolongs uncertainty for investors in the electric utilities that belong to PJM, which also include Exelon (EXC -1.8%), Public Service Enterprise (PEG -1.9%), American Electric (AEP +0.2%), PPL (PPL -0.4%) and FirstEnergy (FE -1.3%).
    | Wed, Apr. 1, 12:26 PM | 1 Comment
  • Mon, Mar. 16, 8:04 AM
    • NRG Energy (NYSE:NRG) says it plans to repurchase an additional $100M in stock, taking advantage of the recent decline in the company’s share price.
    • The new buyback program is in addition to the $100M program NRG concluded last month, as well as the $195M the company expects to return to stockholders this year through dividends.
    • NRG has lost 13% YTD.
    | Mon, Mar. 16, 8:04 AM | 1 Comment
  • Fri, Feb. 27, 10:31 AM
    • NRG Energy (NRG -1.2%) fluctuates in early trading and is now lower after swinging to a Q4 profit of $119M, compared with a year-ago loss of $297M, as favorable margins helped earnings more than double in its renewables segment.
    • Income fell 16% Y/Y in NRG's business segment and slid 8% in the home retail segment, but more than doubled in the renewables segment; the losses were mostly because of mild weather, while the growth in renewables was in part due to better margins from existing assets.
    • NRG affirmed its full-year guidance, which it had previously lowered in November, for adjusted EBITDA of $3.2B-$3.4B and free cash flow before growth investments of $1.1B-$1.3B.
    | Fri, Feb. 27, 10:31 AM | 2 Comments
  • Fri, Feb. 27, 7:08 AM
    | Fri, Feb. 27, 7:08 AM | Comment!
  • Thu, Feb. 26, 5:30 PM
  • Tue, Jan. 20, 10:39 AM
    • NRG Energy (NYSE:NRG) declares $0.145/share quarterly dividend, 3.6% increase from prior dividend of $0.14.
    • Forward yield 2.26%
    • Payable Feb. 17; for shareholders of record Feb. 2; ex-div Jan 29.
    | Tue, Jan. 20, 10:39 AM | Comment!
  • Thu, Jan. 15, 3:21 PM
    • NRG Energy (NRG -0.7%) seeks to become the second largest U.S. rooftop solar company by year-end, with more solar rooftop installations in Texas, California and the Northeast, CEO David Crane tells Bloomberg ahead of the company's investor meeting.
    • Conventional power producers face declining demand growth at the same time as a glut of natural gas depresses wholesale power prices, and Crane sees rooftop solar as a disruptive technology in such an era; “Everyone is beginning to believe that residential solar is this $1T market that currently has about 1% market penetration," the CEO says.
    • NRG expects to double adjusted EBITDA by 2022 from this year’s guidance level, according to its investor presentation.
    | Thu, Jan. 15, 3:21 PM | Comment!
  • Dec. 24, 2014, 2:40 PM
    | Dec. 24, 2014, 2:40 PM | 6 Comments
  • Dec. 9, 2014, 9:07 AM
    • NRG Energy (NYSE:NRG) says it has launched a $100M stock repurchase program as the first part of its 2015 capital allocation plan.
    • NRG says the repurchases will be made with available cash, and with no defined time frame.
    • "We have a lot of exciting opportunities to reinvest NRG capital in our businesses in a value enhancing way, but the value proposition of our own stock at these price levels is irresistible," CEO David Crane says.
    | Dec. 9, 2014, 9:07 AM | 1 Comment
  • Nov. 21, 2014, 2:32 PM
    • NRG Energy (NRG +0.1%) outlines goals to reduce its carbon emissions 50% by 2030 and 90% by 2050 from a 2014 baseline, planning cutbacks it says will help avoid the release of 3B tons of carbon dioxide by 2050.
    • The announcement of the new carbon targets follows vocal opposition by others in the power sector to new rules proposed by the Obama administration earlier this summer that would force power plans to cut their carbon dioxide emissions 30% from 2005 levels by 2030.
    | Nov. 21, 2014, 2:32 PM | 1 Comment
Company Description
NRG Energy Inc is engaged in ownership & operation of power generation facilities; the trading of energy, capacity & related products; transacting in & trading of fuel & transportation services & the direct sale of energy, services to retail customers.
Sector: Utilities
Country: United States