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NYLD

NRG Yield

$17.15

-0.75 (-4.19%)

, NRG

NRG Energy

$25.51

0.35 (1.39%)

07:04
02/07/18
02/07
07:04
02/07/18
07:04

NRG Yield announces next set of drop down transactions with NRG Energy

NRG Yield (NYLD) is announcing the next set of drop down transactions with NRG (NRG) through the execution of definitive agreements to acquire both the 154 MW Buckthorn Solar Project and the 527 MW1 Carlsbad Energy Center for a combined $407 million in total consideration with annual expected cash available for distribution of $44 million beginning in 20192. "Under NRG Energy's sponsorship, since its IPO in July 2013, NRG Yield has experienced tremendous success with an increase of 186% in cash available for distribution from $91 million to $260 million and an expansion of NRG Yield's quarterly dividend per share by 150% to $1.15 per share annualized at the end of 2017," said Christopher Sotos, President and Chief Executive Officer of NRG Yield. "With today's announcement, NRG Yield can now look forward to its next phase of growth, including solidifying near-term objectives through the most recent drop down transactions and, most importantly, aligning with GIP, whose strategy and breadth of global investment capabilities are well suited to our business model and long-term objectives." Adebayo Ogunlesi, Chairman and Managing Partner of GIP, said, "We are excited to announce the acquisition of NRG's world-class renewables business. We view each of the three acquired businesses - the NYLD stake, the O&M business, and the development business - as highly complementary and well positioned to capitalize on the increasing market demand for low cost, clean energy. We look forward to working with management to develop new renewable generation assets and to supporting the company with our deep operating and financial expertise in the sector. We are also excited about the opportunity to grow the value of NYLD, which allows public market investors to access attractive investments in renewable energy."

NYLD

NRG Yield

$17.15

-0.75 (-4.19%)

NRG

NRG Energy

$25.51

0.35 (1.39%)

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    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.

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TECK

Teck Resources

$29.75

-0.58 (-1.91%)

22:15
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Teck Resources

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Teck Resources rating change at Macquarie »

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Teck Resources

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TECK

Teck Resources

$29.75

-0.58 (-1.91%)

22:14
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Teck Resources rating change at Macquarie »

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CMG

Chipotle

$305.63

18.98 (6.62%)

22:13
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22:13
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22:13
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Chipotle rating change at Stifel »

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CMG

Chipotle

$305.63

18.98 (6.62%)

22:12
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Chipotle rating change at Stifel »

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H

Hyatt

$79.73

-0.02 (-0.03%)

22:09
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Hyatt rating change at Evercore ISI »

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H

Hyatt

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-0.02 (-0.03%)

22:09
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FLS

Flowserve

$44.05

1.18 (2.75%)

22:07
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FLS

Flowserve

$44.05

1.18 (2.75%)

22:07
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22:07
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Flowserve rating change at RBC Capital »

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ANAB

AnaptysBio

$126.45

6.59 (5.50%)

, SNY

Sanofi

$39.91

0.19 (0.48%)

20:02
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$126.45

6.59 (5.50%)

SNY

Sanofi

$39.91

0.19 (0.48%)

REGN

Regeneron

$332.15

-1.03 (-0.31%)

SNAP

Snap

$20.42

0.67 (3.39%)

GE

General Electric

$15.05

0.2 (1.35%)

DIS

Disney

$106.53

1.35 (1.28%)

GOOG

Alphabet

$1,094.80

5.28 (0.48%)

GOOGL

Alphabet Class A

$1,095.50

4.14 (0.38%)

LRCX

Lam Research

$187.91

2.2 (1.18%)

C

Citi

$76.82

-0.26 (-0.34%)

CMI

Cummins

$165.60

0.58 (0.35%)

JPM

JPMorgan

$114.68

-0.83 (-0.72%)

JNJ

Johnson & Johnson

$133.15

1.92 (1.46%)

WMT

Walmart

$104.78

1.55 (1.50%)

PFE

Pfizer

$36.26

0.55 (1.54%)

CSCO

Cisco

$44.33

0.25 (0.57%)

ABBV

AbbVie

$118.60

3.7 (3.22%)

PEP

PepsiCo

$111.06

0.09 (0.08%)

MMM

3M

$236.67

1.8 (0.77%)

BMY

Bristol-Myers

$68.96

-0.02 (-0.03%)

UTX

United Technologies

$129.26

-0.74 (-0.57%)

TXN

Texas Instruments

$104.47

-0.1 (-0.10%)

ABT

Abbott

$60.17

0.67 (1.13%)

HOV

Hovnanian

$2.24

0.12 (5.66%)

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CUB

Cubic

19:34
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HCLP

Hi-Crush Partners

$12.40

0.25 (2.06%)

19:10
02/19/18
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Earnings
Breaking Earnings news story on Hi-Crush Partners »

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HCLP

Hi-Crush Partners

$12.40

0.25 (2.06%)

19:08
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Earnings
Hi-Crush Partners reports Q4 diluted EPS 47c, consensus 51c »

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FSS

Federal Signal

$19.40

0.15 (0.78%)

19:04
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Federal Signal declares dividend of 7c per share »

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BCE

BCE

$44.49

-0.02 (-0.04%)

19:03
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BCE reports results of Series AC, AD Preferred Share conversions »

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  • 26

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PRGX

PRGX Global

$7.95

0.35 (4.61%)

18:38
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PRGX Global announces appointment of new Chief Product Officer »

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  • 23

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CRMT

America's Car-Mart

$46.25

0.6 (1.31%)

18:37
02/19/18
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Earnings
America's Car-Mart reports Q3 revenue $$147M, consensus $136.24M »

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  • 20

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TAX

Liberty Tax

18:30
02/19/18
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Liberty Tax Service taps Nicole Ossenfort to be CEO »

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TAX

Liberty Tax

18:29
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Shaun York to be Chief Operating Officer for Liberty Tax Service »

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Liberty Tax

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Liberty Tax names Ryan Dodson Chief Strategy Officer »

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HLX

Helix Energy

18:27
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Earnings
Helix Energy reports Q4 EPS 34c, may not compare consensus (1C) »

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  • 20

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EMES

Emerge Energy

$7.77

0.12 (1.57%)

, CNI

Canadian National

$76.18

-0.68 (-0.88%)

18:17
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EMES

Emerge Energy

$7.77

0.12 (1.57%)

CNI

Canadian National

$76.18

-0.68 (-0.88%)

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