Market Currents

• Thursday, October 29, 2009

• 08:14 AM NRG Energy (NRG): Q3 EPS of $1.02 misses by $0.12. Revenue of $2.92B vs. $2.18B. (PR) Comment!
• 00:05 AM Notable pre-market earnings: ABX, AEP, AET, AGN, AN, APA, AVP, AYE, AZN, BC, BCRX, BKC, BPO, CL, CLI, CME, CMS, COCO, COT, DLR, EK, EXPE, FNFG, GTI, K, KBR, MCO, MOT, MPS, MWW, MYL, NBL, NEM, NRG, ODP, OMX, PCG, PDE, PG, PPL, PTEN, RDS.A, S, SII, TSM, VTR, WMB, XEL, XOM Comment!

• Tuesday, September 29, 2009

• 17:21 PM While its former target NRG Energy (NRG) goes on the hunt for a purchase, Exelon (EXC) - whose hostile bid for NRG failed - says it's out of the acquisitions market, though CEO John Rowe thinks U.S. utilities need to be bigger, like their European counterparts. Comment!
• 10:16 AM After a failed bid for Exelon (EXC), NRG Energy (NRG) is seeking a large-scale acquisition within the next year, and sources say it has Dynegy in its crosshairs. NRG may be waiting for Dynergy to pay down debt and shed some assets before making a move. DYN +4.2%. Comment!

• Thursday, July 30, 2009

• 07:51 AM NRG Energy (NRG): Q2 EPS of $1.56 vs. consensus of $0.74 (may not be comparable). Revenue of $2.2B (+70%) vs. $2.1B. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: ABC, ABX, ADP, ALU, AOC, APA, ARTG, AVP, AVY, AZN, BC, BCRX, BDX, BEN, CI, CINF, CL, CLI, CMI, CMS, CNX, COL, COV, CVC, DLR, DOW, EK, ENDP, EXPE, FAF, GT, GTI, HP, INCY, IP, IRM, K, KBR, KIM, KSU, LVLT, MA, MOT, MYL, NBL, NRG, NWL, NYX, OCR, OMX, OSK, PCZ, PH, PTEN, RDS.A, RGC, RYN, SBH, SNE, SPR, TEN, TRV, TSM, TYC, VTR, WMI, WYNN, XEL, XOM Comment!

• Tuesday, July 21, 2009

• 11:34 AM Exelon (EXC +2.4%) ends its hostile bid to acquire NRG Energy (NRG +2.4%) as shareholders reject Exelon's slate of directors. The four directors nominated by NRG gained 75% approval. Exelon CEO John Rowe: "The NRG shareholders have spoken, and Exelon will move on." Comment!

• Wednesday, July 15, 2009

• 14:27 PM A week after its hostile bid for NRG Energy (NRG -0.3%) was unanimously rejected, Exelon (EXC +2.9%) says it will abandon its pursuit if none of its directors are voted onto NRG's board. Comment!

• Wednesday, July 8, 2009

• 06:32 AM NRG Energy (NRG) unanimously rejects an unsolicited bid from Exelon (EXC), saying the offer is "not in the best interest of NRG stockholders in that it continues to substantially undervalue NRG." (previously) Comment!

• Thursday, July 2, 2009

• 07:01 AM Exelon (EXC) boosts its all-stock offer for NRG Energy (NRG) by 12.4%, to a current $7.73B (PR). Exelon also filed an investor presentation that demonstrates why it thinks NRG should accept its offer. Comment!

• Wednesday, June 17, 2009

• 07:50 AM Power companies UniStar Nuclear Energy, NRG Energy (NRG), Scana Corp (SCG) and Southern Co. (SO) are expected to split $18.5B in federal financing to build the next generation of nuclear reactors. Comment!

• Thursday, April 30, 2009

• 07:51 AM NRG Energy (NRG): Q1 EPS of $0.70 beats by $0.25. Revenue of $1.7B (+27.3%) vs. $1.2B. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: APA, ASH, AZN, BC, BWA, CAH, CELG, CI, CINF, CL, CLI, CMCSA, CMS, COCO, COV, CTL, D, DLR, DOW, EK, ENTG, EQT, ERIC, EXPE, FAF, GTI, HOT, HP, IP, IRM, K, KBR, KIM, KSU, LKQX, LNT, MRO, MOT, MYL, NBL, NEM, NRG, NWL, NYX, OC, OCR, OMX, OSK, PDE, PEI, PG, PTEN, RGC, RYN, SEPR, SPR, SWY, TRV, TSM, TYC, VIA.B, WMB, WPI, XEL, XOM Comment!

• Thursday, February 26, 2009

• 07:36 AM Exelon (EXC) says its $6B tender offer for NRG Energy (NRG) won more than 51% of the outstanding shares, giving it strong leverage in its hostile pursuit of NRG. Comment!

• Thursday, February 12, 2009

• 07:44 AM NRG Energy (NRG): Q4 EPS of $0.98 beats by $0.57. Revenue of $1.655B (+19.8%) vs. $1.25B. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: AET, ALXN, BWA, CLI, ECA, ECL, FCL, KO, LH, LIFE, MAR, MAS, NRG, NXY, PCH, PGN, PTEN, SCG, TDC, VIA.B, VTR, WMI Comment!