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NRG Energy, Inc. (NRG)

- NYSE
  • Feb. 28, 2014, 12:05 AM
  • Feb. 27, 2014, 5:30 PM
  • Feb. 13, 2014, 7:25 PM
    • The new Ivanpah solar power project in the California desert - dedicated today by Energy Secretary Ernest Moniz - is the first of its kind, and it may be among the last, because the heat it generates is so intense that it appears to be killing birds.
    • The owners of the project - NRG Energy (NRG), Google, and BrightSource Energy - call the "tower power" plant a major feat of engineering that can light up 140K homes per year, but the heat created by the plant's thousands of special mirrors seems to be scorching birds that fly over the area.
    • The companies say it's too early to draw definitive conclusions.
    • Utilities owned by PG&E (PCG) and Edison International (EIX) have agreed to buy electricity generated from Ivanpah under 25-year contracts.
    | Feb. 13, 2014, 7:25 PM | 21 Comments
  • Feb. 3, 2014, 10:39 AM
    • Utility analysts at Credit Suisse list their top utility stocks, preferring exposure to power generation opportunities than the risk of spiking power prices faced by retailers.
    • The cold start to winter has led to spiking power demand and prices in the Northeast/Mid-Atlantic and parts of the Midwest that are well above recent years, opening up some earnings upside potential for competitive generators, the report says.
    • The firm's sector favorites: CPN, ETR, EXC, NRG, PEG, PPL.
    | Feb. 3, 2014, 10:39 AM | 3 Comments
  • Jan. 22, 2014, 8:33 AM
    • NRG Energy, Inc. (NRG) declares $0.12/share quarterly dividend, in line with previous.
    • Forward yield 1.71%
    • Payable Feb. 17; for shareholders of record Feb. 3; ex-div Jan 30.
    | Jan. 22, 2014, 8:33 AM | Comment!
  • Jan. 3, 2014, 7:57 AM
    | Jan. 3, 2014, 7:57 AM | 1 Comment
  • Dec. 23, 2013, 10:47 AM
    • "Subsidies and falling technology costs are making distributed solar power cost-competitive [and] as more people switch to solar, utilities sell less electricity to those customers [causing the] utilities [to] spread their high fixed costs ... over fewer kilowatt-hours, making solar power even more competitive and pushing more people to adopt it," WSJ's Liam Denning notes, describing what is dubbed "the death-spiral thesis" for traditional utilities.
    • Denning says it's the merchant generators (like NRG) that have the most to worry about: "For regulated utilities, the idea that solar panels will enable everyone to leave the grid, making such networks redundant, is overstated."
    • Although the threat may seem distant for now, Denning says it's worth taking seriously if you're an investor. "The gyres may look exceedingly wide, but that spiral is taking shape," he says.
    • Some individual names: Southern Company (SO), Edison International (EIX), Duke Energy (DUK -0.1%), FirstEnergy (FE -0.7%), XCel Energy (XEL +0.2%), American Electric Power (AEP -0.2%), Dominion (D -0.2%), Exelon (EXC +0.5%).
    • ETFs: XLU, IDU, VPU, RYU, PUI, UPW, FXU, SDP, PSCU, FUTY, UTLT
    | Dec. 23, 2013, 10:47 AM | 48 Comments
  • Dec. 16, 2013, 4:45 PM
    • Edison Mission Energy, which is hoping to move forward with a bankruptcy exit plan that would see it sold to NRG Energy (NRG), faces an obstacle from parent company Edison International (EIX), which has filed an objection to Edison Mission's disclosure statement because of various "deficiencies," especially when it comes to how EIX would fare in the restructuring.
    • Among items EIX says are missing from the disclosure statement are more information about legal claims that may exist against Edison Mission's own directors and officers, the projected value of the restructured Mission, as well as tax consequences of the restructuring.
    | Dec. 16, 2013, 4:45 PM | Comment!
  • Nov. 12, 2013, 8:54 AM
    • NRG Energy (NRG) -2.8% premarket even after its Q3 earnings report enjoyed a boost from last year's GenOn Energy acquisition.
    • For the year, NRG lowered the high end of its previous EBITDA guidance range by $100M to $2.55B-$2.6B; for 2014, EBITDA guidance is cut to $2.7B-$2.9B from its previous estimate of $2.85B-$3.05B, primarily due to the decline in forward curves across core wholesale regions over the past few months as a result of the lack of scarcity pricing during the summer of 2013.
    | Nov. 12, 2013, 8:54 AM | Comment!
  • Nov. 12, 2013, 6:58 AM
    • NRG Energy (NRG): Q3 EPS of $0.37.
    • Revenue of $3.49B beats by $0.41B. (PR)
    | Nov. 12, 2013, 6:58 AM | Comment!
  • Nov. 12, 2013, 12:05 AM
  • Nov. 11, 2013, 5:30 PM
  • Oct. 31, 2013, 5:45 PM
    • Chevron (CVX) asks a bankruptcy judge to revisit his decision allowing Edison Mission to keep its share of a natural gas joint venture involving the two companies now that Edison has a $2.6B deal to sell its assets to NRG Energy (NRG).
    • The sale to NRG "fundamentally alters" some of the key premises underlying Edison Mission's bid to assume the contract and "debunks" its argument that it didn't intend to transfer their contract to a third party, CVX argues.
    • CVX also says a newly discovered document establishes Edison Mission is the "parent" of two subsidiaries involved in the CVX partnership, a distinction that's key to its argument that Edison Mission's filing for bankruptcy constituted a default under their deal.
    | Oct. 31, 2013, 5:45 PM | 1 Comment
  • Oct. 28, 2013, 9:11 AM
    • Goldman is out raising its targets on Calpine (CPN) and NRG Energy (NRG) to $24 (from $22) and $33 (from $30), respectively on the heels of Friday's news that the newest member of the Texas Public Utility Commission would support mandatory reserve margins in order to mitigate potential rolling blackouts in the state.
    • Here's analyst Neil Mehta: "While the PUCT did not take a final vote at its open meeting, two of the three commissioners indicated support for a required reserve margin to address resource adequacy concerns ... raising the potential for implementing a capacity market in ERCOT."
    | Oct. 28, 2013, 9:11 AM | Comment!
  • Oct. 25, 2013, 3:34 PM
    • Shares of Calpine (CPN +7.1%) and NRG Energy (NRG +6.6%) are up sharply on the session.
    • The move looks to be attributable to news that the newest member of the Texas Public Utility Commission would support mandatory reserve margins in order to mitigate potential rolling blackouts in the state.
    • "Electricity use in Texas has been growing faster than generation is being built," Reuters notes.
    | Oct. 25, 2013, 3:34 PM | Comment!
  • Oct. 23, 2013, 4:59 PM
    • The bondholder group who walked away from an earlier restructuring deal with Edison Mission Energy filed papers today in support of the company's proposed $2.6B sale to NRG Energy (NRG) ahead of the Chicago bankruptcy court's first look at the deal, set for Thursday.
    • According to the bondholders, they are looking for a transaction that is not only superior to other options but also will minimize the disputes among the company and its creditors and preserve potentially lucrative legal claims related to Edison Mission's relationship with parent company Edison International (EIX).
    | Oct. 23, 2013, 4:59 PM | Comment!
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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