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NRG Energy, Inc. (NRG)

  • Oct. 18, 2013, 2:51 PM
    • NRG Energy (NRG +7.3%) agrees to acquire bankrupt Edison Mission Energy from Edison International (EIX) for $2.635B.
    • NRG says the deal increases its generation portfolio by nearly 8K MW, providing additional fuel diversity, geographic diversity and opportunities to achieve economies of scale, and significantly expands the pipeline of assets available to drive growth at NRG Yield (NYLD) through future drop-downs with 1,600 MW of long-term, fully-contracted wind and natural gas assets.
    • To fund the deal, NRG files to sell 12.67M common shares.
    | Oct. 18, 2013, 2:51 PM | Comment!
  • Sep. 5, 2013, 8:11 AM
    • FuelCell Energy (FCEL) +14.6% premarket after reporting better than expected revenue growth and improved margins in its FQ3 results.
    • Product sales, which comprise ~85% of revenue, more than doubled to $45.4M.
    • Gross margin improved to +8.4% from -9.2%, driven by improved overhead cost absorption from higher production levels and a sales mix that includes power plants along with fuel cell kits.
    • FCEL also announced a marketing agreement with NRG Energy (NRG), adding a new sales channel for the marketing and sales of its power plants.
    | Sep. 5, 2013, 8:11 AM | Comment!
  • Jul. 17, 2013, 2:17 PM
    NRG Yield (NYLD) delivers a strong IPO: after pricing its 19.6M-share offering at $22, shares of the NRG Energy (NRG -0.9%) investment vehicle opened at $26.75 and are currently at $27.29, up 24%. NYLD is promising healthy/reliable dividend payments via profits created by its base of electricity generation/infrastructure assets. (S-1) (IPO preview)
    | Jul. 17, 2013, 2:17 PM | Comment!
  • Jul. 5, 2013, 10:58 AM
    Utilities stocks (XLU -1.2%) are under heavy selling pressure as interest rates soar: EXC -1.7%, EIX -2%, FE -1.9%, PCG -1.5%, ED -1.4%, D -1.2%, PEG -1.3%, DUK -1.2%, NU -1.7%, SO -1%, NEE -1%, NRG -1.3%, SRE -1.6%, ETR -2.3%, XEL -1.7%, AEP -1.3%.
    | Jul. 5, 2013, 10:58 AM | 7 Comments
  • Jun. 7, 2013, 9:43 AM
    NRG Yield, a unit of power generator NRG Energy (NRG +4.2%), files to raise up to $400M in an IPO of class A shares; it will operate and acquire contracted conventional and renewable power generation infrastructure. The number of shares to be sold or the expected price range are not disclosed.
    | Jun. 7, 2013, 9:43 AM | Comment!
  • Jun. 6, 2013, 3:42 PM
    NRG Energy (NRG +1.7%) says it exceeded its post-merger goals for balance sheet efficiencies through a successful repricing of its senior credit facilities and increasing them to $2.5B from $2.3B, plus the previously announced redemption of GenOn's senior notes. NRG expects $49M/year in interest savings beginning in 2014 from the transactions.
    | Jun. 6, 2013, 3:42 PM | Comment!
  • Mar. 11, 2013, 2:54 PM
    NRG Energy (NRG +1.6%) shares are strong as UBS raises its price target to $28 from $26, believing positive steps such as a scarcity adder will drive higher power forwards. The firm also "conservatively" assumes $300M/year in buybacks in 2014 and beyond vs. $1B/year in free cash flow.
    | Mar. 11, 2013, 2:54 PM | Comment!
  • Oct. 24, 2012, 2:09 PM
    NRG Energy (NRG +1.7%) subsidiary NRG Bluewater wins a federal lease to place turbines off the coast of Delaware, giving the power generation company a valuable asset if the wind industry can recover. But development of the offshore wind farm has remained on hold since December, when NRG terminated its contract with Delmarva Power after failing to obtain financing.
    | Oct. 24, 2012, 2:09 PM | Comment!
  • Aug. 30, 2012, 12:37 PM
    First Solar (FSLR -15%) goes into freefall following news it has halted deliveries for the $1.8B Agua Caliente Arizona solar plant due to construction being ahead of schedule. Agua Caliente, a 51/49 JV between NRG Energy (NRG) and Berkshire Hathaway's MidAmerican Energy, is already 85% built, even though the project isn't scheduled for completion until the end of 2013. The halt may be stoking fears First Solar's recent growth was padded by aggressive deliveries. (previous)
    | Aug. 30, 2012, 12:37 PM | 4 Comments
  • Aug. 20, 2012, 4:44 PM
    NRG Energy (NRG +3.3%) ended higher as Barclays raised its price target on the shares to $24 from $22 and boosted earnings estimates for the next two years. The firm says its actions "reflect full treatment of the merger synergies, solar EBITDA guidance and the timing of the Marsh Landing plant on-line in 2013."
    | Aug. 20, 2012, 4:44 PM | Comment!
  • Aug. 8, 2012, 9:55 AM
    NRG Energy (NRG +1.8%) moves up despite a 60% Y/Y drop in Q2 earnings as the power producer swung to a loss in its Texas generation business. Profits came in higher than expected, retail sales and customer count were up, and NRG declared its first-ever quarterly dividend. NRG says construction on its $2.2B solar thermal project has reached the halfway mark.
    | Aug. 8, 2012, 9:55 AM | Comment!
  • Jul. 23, 2012, 10:49 AM
    At 6.3x GenOn's (GEN +25.8%) estimated 2013 EBITDA, NRG's (NRG +8.3%) merger with GenOn was completed at an attractive price, Wunderlich says; ~$200M of operating cost savings are expected, with an additional $100M of interest and capital cost savings. Barclays upgrades NRG to Overweight with a $22 price target, up from $19. (also)
    | Jul. 23, 2012, 10:49 AM | 2 Comments
  • Jul. 23, 2012, 10:10 AM
    Energy names may be suffering, but NRG Energy (NRG) is +7.2% following news of its $1.7B purchase of GenOn Energy (GEN +24.2%). "Another great acquisition for NRG, with announced synergy value paying for 67% of deal equity cost," says Tudor Pickering Holt. NRG also declared its first ever quarterly dividend.
    | Jul. 23, 2012, 10:10 AM | Comment!
  • Jul. 23, 2012, 9:10 AM
    Premarket gainers: NXY +54%. GEOY +36%. GEN +30%. DGI +17%. NRG +12%. JVA +9%. RA +9%. TLM +8%.
    Losers: ING -8%. PSTI -7%. CEL -7%. DB -6%. ATPG -6%. OCZ -6%. WMB -5%. ALU -5%. E -5%.
    | Jul. 23, 2012, 9:10 AM | Comment!
  • Jul. 16, 2012, 10:39 AM
    First Solar (FSLR +4.7%) rallies after announcing NRG Energy's (NRG) Agua Caliente solar plant, in which Berkshire Hathaway's MidAmerican Energy has taken a 49% stake, is now more than 2/3 complete, and has over 200MW of installed capacity. Agua Caliente, which has received a DOE loan guarantee and is being constructed and operated by First Solar, is expected to be completed in 2014. (PR)
    | Jul. 16, 2012, 10:39 AM | 2 Comments
  • Jun. 13, 2012, 2:09 PM
    GenOn Energy (GEN -2.1%) is upgraded to Neutral from Sell at UBS, which notes shares have dramatically lagged peers Calpine (CPN) and NRG. The firm believes much of the weakness may be tied to underwhelming capacity results from May's 2015-16 auction, and forthcoming petitions filed by generators could yet support shares.
    | Jun. 13, 2012, 2:09 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