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Fly News Breaks for May 25, 2016
NRG, DYN
May 25, 2016 | 07:45 EDT
Morgan Stanley analyst led by Stephen Byrd said results for PJM's 2019/20 Base Residual Auction came in below expectations driven by high levels of new builds. The analyst said the outcome does not materially impact his long-term auction price or the cash flow forecasts for Dynegy DYN) and NRG Energy (NRG), and would be buyers on any weakness.
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