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NYLD

NRG Yield

$17.15

-0.75 (-4.19%)

, NRG

NRG Energy

$25.51

0.35 (1.39%)

07:03
02/07/18
02/07
07:03
02/07/18
07:03

NRG Yield: GIP to acquire NRG Energy's interest in NRG Yield

NRG Yield (NYLD) announces that Global Infrastructure Partners, a global independent infrastructure investor, has entered into a binding agreement to acquire NRG Energy Inc.'s (NRG) full ownership interest in NRG Yield and NRG's renewable development and operations platform. With over $45B in assets under management and approximately $9B of equity invested or committed in the renewable energy sector, GIP provides NRG Yield with a leading sponsor with substantial financial resources to accelerate development of the next generation of drop down projects. GIP has deep experience as a sponsor of publicly traded vehicles in the energy and power sectors and has the unique ability to enhance NRG Yield's long-term growth opportunities and access to capital. Furthermore, GIP's demonstrated commitment to the expansion of renewables globally aligns its economic interests with those of NRG Yield's public shareholders. On February 6, GIP entered into a purchase and sale agreement with NRG for the acquisition of NRG's full ownership interest in NRG Yield and NRG's renewable energy development and operations platform consisting of a robust pipeline of over 6.4 GW3 of backlog and development projects, as well as operational oversight of 2.4 GW across 17 states. The Transaction is subject to certain closing conditions, including customary legal and regulatory approvals. NRG Yield expects the Transaction to close in the second half of 2018. In connection with the Transaction, NRG Yield entered into a Consent and Indemnity Agreement with NRG and GIP setting forth the key terms and conditions of NRG Yield's Corporate Governance, Conflicts and Nominating Committee's consent to the Transaction. To mitigate the impact of potential change of control costs on annual CAFD, NRG Yield's consent to the transaction is conditioned upon: There being no more than $10 million in reduced annual CAFD on a recurring basis that would result from changes in NRG Yield's cost structure or any impact from various consents; NRG having agreed to indemnify NRG Yield and its project companies for any increase in property taxes at NRG Yield's California-based solar projects resulting from the Transaction. NRG Yield will enter into a new Right of First Offer Agreement with GIP that immediately adds 550 MW to the current pipeline through the operational 150 MW Langford Wind project and the under-development 400 MW Mesquite Star Wind project4; The ROFO Agreement with NRG will be modified with the removal of the Ivanpah solar facility. The remaining interest in Agua Caliente remains a ROFO asset;

NYLD

NRG Yield

$17.15

-0.75 (-4.19%)

NRG

NRG Energy

$25.51

0.35 (1.39%)

  • 26

    Feb

  • 01

    Mar

  • 01

    Mar

NYLD NRG Yield
$17.15

-0.75 (-4.19%)

02/15/17
02/15/17
DOWNGRADE

Equal Weight
NRG Yield downgraded to Equal Weight at Morgan Stanley
As previously reported, Morgan Stanley downgraded NRG Yield (NYLD) to Equal Weight from Overweight and lowered its price target to $21 from $30. Analyst Stephen Boyd believes the market will price in a likely sale of NRG Yield as NRG Energy's (NRG) Business Review Committee looks to cut costs and simplify its business model.
07/18/17
DBAB
07/18/17
DOWNGRADE
Target $18
DBAB
Hold
NRG Yield downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Jonathan Arnold downgraded NRG Yield (NYLD) to Hold saying NRG Energy's (NRG) plans to exit the renewables business creates a less certain path forward for the company. The analyst sees potential outcomes that could benefit the parent, while "not necessarily being entirely optimal" for NRG Yield's public float. The analyst lowered his price target for the shares to $18 from $19.
10/11/17
GSCO
10/11/17
DOWNGRADE
Target $19
GSCO
Neutral
NRG Yield downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Michael Lapides downgraded NRG Yield to Neutral citing valuation with the shares up 20% so far in 2017. The analyst keeps a $19 price target for the shares.
01/02/18
GUGG
01/02/18
UPGRADE
GUGG
Buy
NRG Yield upgraded to Buy from Neutral at Guggenheim
NRG NRG Energy
$25.51

0.35 (1.39%)

05/24/17
FBCO
05/24/17
NO CHANGE
FBCO
Outperform
Exelon a net winner despite 'disappointing' 2020/21 auction, says Credit Suisse
Following PJM Interconnection's annual capacity auction, Credit Suisse analyst Michael Weinstein called Exelon a net winner despite "disappointing" RPM results for the 2020/21 capacity auction. The results for the EMAAC area should help drive a net positive result for Exelon assuming the same amount of capacity cleared year-over-year, he indicated. PSEG (PEG) and Calpine (CPN)are also "net beneficiaries," while Dynegy (DYN), NRG Energy (NRG) and FirstEnergy (FE) will "bear the brunt of a poor RTO showing," Weinstein tells investors.
06/01/17
UBSW
06/01/17
UPGRADE
Target $20
UBSW
Buy
NRG Energy upgraded to Buy from Neutral at UBS
UBS analyst Julien Dumoulin-Smith upgraded NRG Energy to Buy and raised his price target for the shares to $20 from $19. The proposed GenOn settlement is a positive and, along with the latest PJM auction, adds "clarity to the story," Dumoulin-Smith tell investors in a research note. He also views the NRG's cost cutting initiative as the major near-term catalyst for the shares.
07/13/17
LEHM
07/13/17
NO CHANGE
Target $27
LEHM
Overweight
NRG Energy price target raised to $27 from $20 at Barclays
Barclays analyst Daniel Ford raised his price target for NRG Energy to $27 saying the company's transformation plan is "significantly accretive." NRG's plan to sell between a 50%-100% stake in NRG Yield and Renewables, plus 6GWs of conventional generation can achieve management's projected $2.0B-$4.5B in cash proceeds and reduction of $8.7B in debt, Ford tells investors in a research note. His upside case has $11 per share of valuation accretion to $38 per share. The analyst reiterates an Overweight rating on the shares.
08/16/17
DBAB
08/16/17
NO CHANGE
Target $38
DBAB
Buy
NRG Energy shares have 50% more upside, says Deutsche Bank
Deutsche Bank analyst Abe Azar raised his price target for NRG Energy shares to $38 from $27 to reflect the company's planned transformation. Even with the rally year-to-date, NRG is still trading at an "unwarranted significant discount to peers," Azar tells investors in a research note titled "Baby, we were born to run." The analyst believes the stock has an additional 50% upside and reiterates a Buy rating on the name. Asset sales throughout the year and an investor day early next year set up a "favorable catalyst calendar and should lead to the stock to re-rate higher," Azar writes.

TODAY'S FREE FLY STORIES

A

Agilent

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Abbott

$61.93

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Agilent

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Abbott

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AKCA

Akcea Therapeutics

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AMGN

Amgen

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AZN

AstraZeneca

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Bayer

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CL

Colgate-Palmolive

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DexCom

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LLY

Eli Lilly

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Ironwood

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Johnson & Johnson

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Medtronic

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MannKind

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Wake Forest Bancshares Inc.

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Valeritas

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SNY

Sanofi

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Siemens

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Senseonics

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REGN

Regeneron

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PODD

Insulet

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Novo Nordisk

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0.435 (0.94%)

MRK

Merck

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NVO

Novo Nordisk

$46.84

0.435 (0.94%)

04:55
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06/24
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04:55
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Novo Nordisk to hold an investor and analyst event »

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AMGN

Amgen

$184.86

-1.14 (-0.61%)

12:23
06/23/18
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12:23
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Amgen's Repatha 'significantly reduced' LDL-C, non-HDL-C in Type 2 diabetes »

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LLY

Eli Lilly

$85.90

-0.17 (-0.20%)

12:18
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Eli Lilly's Trulicity shows promise in delivering efficacy in type 2 diabetes »

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IRWD

Ironwood

$19.35

0.74 (3.98%)

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Ironwood announced Praliciguat phase IIa study data »

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ARRY

Array BioPharma

$19.37

-0.19 (-0.97%)

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Array BioPharma announces updated results from Phase 3 BEACON CRC trial »

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DDAIF

Daimler AG

$0.00

(0.00%)

, BMWYY

BMW

$0.00

(0.00%)

11:42
06/23/18
06/23
11:42
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Periodicals
EU to respond to any U.S. auto tariffs, Reuters reports »

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Daimler AG

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BMW

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Volkswagen

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WBA

Walgreens Boots Alliance

$67.60

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General Electric

$13.05

0.29 (2.27%)

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Periodicals
Adding Walgreens to Dow may be wrong move, Barron's says »

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Walgreens Boots Alliance

$67.60

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GE

General Electric

$13.05

0.29 (2.27%)

FB

Facebook

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JPM

JPMorgan

$105.73

-1.79 (-1.66%)

, C

Citi

$67.20

-0.43 (-0.64%)

11:04
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11:04
Periodicals
Banks to get green light to increase dividends, share repurchases, Barron's says »

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JPMorgan

$105.73

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C

Citi

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MD

Mednax

$44.99

-0.11 (-0.24%)

10:59
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10:59
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Mednax shares may be at risk amid hospital fights, Barron's says »

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ARRY

Array BioPharma

$19.37

-0.19 (-0.97%)

10:25
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Array BioPharma to hold a conference call »

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TWTR

Twitter

$45.90

0.68 (1.50%)

, FOXA

21st Century Fox

$48.59

0.25 (0.52%)

10:21
06/23/18
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Periodicals
Biggest winner of World Cup could be Twitter, Barron's says »

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TWTR

Twitter

$45.90

0.68 (1.50%)

FOXA

21st Century Fox

$48.59

0.25 (0.52%)

AMZN

Amazon.com

$1,715.07

-15.13 (-0.87%)

FB

Facebook

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AAPL

Apple

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-0.63 (-0.34%)

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Daimler AG

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Week in review: How Trump's policies moved stocks »

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Apple

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DDAIF

Daimler AG

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BMWYY

BMW

$0.00

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VLKAY

Volkswagen

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ZTCOY

ZTE Corp.

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LMT

Lockheed Martin

$298.95

-1.39 (-0.46%)

STMP

Stamps.com

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0.65 (0.26%)

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A

Agilent

$62.79

-0.24 (-0.38%)

, ABT

Abbott

$61.93

0.19 (0.31%)

04:55
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American Diabetes Association to hold a conference »

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A

Agilent

$62.79

-0.24 (-0.38%)

ABT

Abbott

$61.93

0.19 (0.31%)

AKCA

Akcea Therapeutics

$26.24

0.4 (1.55%)

AMGN

Amgen

$184.86

-1.14 (-0.61%)

AZN

AstraZeneca

$35.06

-0.095 (-0.27%)

BAYRY

Bayer

$0.00

(0.00%)

CL

Colgate-Palmolive

$64.63

1.15 (1.81%)

DXCM

DexCom

$99.52

-0.2 (-0.20%)

LLY

Eli Lilly

$85.90

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IRWD

Ironwood

$19.35

0.74 (3.98%)

JNJ

Johnson & Johnson

$122.81

1.36 (1.12%)

MDT

Medtronic

$86.80

0.51 (0.59%)

MNKD

MannKind

$1.98

0.02 (1.02%)

WAKE

Wake Forest Bancshares Inc.

$0.00

(0.00%)

VLRX

Valeritas

$1.39

0.035 (2.58%)

TNDM

TNDM

SNY

Sanofi

$39.98

0.96 (2.46%)

SIEGY

Siemens

$0.00

(0.00%)

SENS

Senseonics

$4.76

-0.2 (-4.03%)

REGN

Regeneron

$331.82

2.81 (0.85%)

PODD

Insulet

$97.37

0.5697 (0.59%)

NVO

Novo Nordisk

$46.84

0.435 (0.94%)

MRK

Merck

$61.46

0.295 (0.48%)

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ARRY

Array BioPharma

$19.37

-0.19 (-0.97%)

04:55
06/23/18
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Array BioPharma to hold a conference call »

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ICE

IntercontinentalExchange

$74.81

-0.11 (-0.15%)

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IntercontinentalExchange management to meet with UBS »

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AMGN

Amgen

$184.86

-1.14 (-0.61%)

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Array BioPharma

$19.37

-0.19 (-0.97%)

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Conference/Events
European Society for Medical Oncology (ESMO) to hold a conference »

ESMO World Congress on…

AMGN

Amgen

$184.86

-1.14 (-0.61%)

ARRY

Array BioPharma

$19.37

-0.19 (-0.97%)

BAYRY

Bayer

$0.00

(0.00%)

HALO

Halozyme

$18.07

-0.52 (-2.80%)

INCY

Incyte

$74.02

1.55 (2.14%)

LLY

Eli Lilly

$85.90

-0.17 (-0.20%)

MRK

Merck

$61.46

0.295 (0.48%)

SHPG

Shire

$161.73

-0.7 (-0.43%)

RHHBY

Roche

$0.00

(0.00%)

SNY

Sanofi

$39.98

0.96 (2.46%)

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NWN

Northwest Natural Gas

$62.63

0.075 (0.12%)

, PCG

PG&E

$42.98

2.44 (6.02%)

18:17
06/22/18
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06/22/18
18:17
Hot Stocks
Northwest Natural to sell Gill Ranch Storage to SENSA Holdings »

NW Natural (NWN)…

NWN

Northwest Natural Gas

$62.63

0.075 (0.12%)

PCG

PG&E

$42.98

2.44 (6.02%)

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ORLY

O'Reilly Automotive

$285.90

-1.18 (-0.41%)

18:03
06/22/18
06/22
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06/22/18
18:03
Hot Stocks
O'Reilly Automotive's O'Reilly sells 19,250 common shares »

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SJI

South Jersey Industries

$33.15

0.02 (0.06%)

17:46
06/22/18
06/22
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17:46
Hot Stocks
South Jersey Industries announces approval of Elizabethtown Gas purchase »

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WAAS

AquaVenture

$15.36

0.12 (0.79%)

17:27
06/22/18
06/22
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17:27
Hot Stocks
AquaVenture extends long-stop date for Ghana plant acquisition to September 30 »

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NSANY

Nissan

$0.00

(0.00%)

17:22
06/22/18
06/22
17:22
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17:22
Periodicals
Nissan chooses Thailand for hybrid's first export market, Nikkei reports »

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TROV

Trovagene

$0.81

-0.0068 (-0.83%)

17:22
06/22/18
06/22
17:22
06/22/18
17:22
Hot Stocks
Trovagene CEO William Welch resigns, Dr. Thomas Adams named interim CEO »

Trovagene announced that…

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CVM

CEL-SCI

$3.26

0.005 (0.15%)

17:19
06/22/18
06/22
17:19
06/22/18
17:19
Syndicate
Breaking Syndicate news story on CEL-SCI »

CEL-SCI files to sell…

03/08/13
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ACM

Aecom

$33.49

-0.15 (-0.45%)

17:19
06/22/18
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17:19
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Aecom to compete for $148.5M U.S. Army contract »

AECOM-Baker JV, Bryan…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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