Breaking News Instant updates and real-time market news.

NRG

NRG Energy

$25.51

0.35 (1.39%)

, NYLD

NRG Yield

$17.15

-0.75 (-4.19%)

07:06
02/07/18
02/07
07:06
02/07/18
07:06

NRG Energy to sell NRG Yield, Renewables ownership for $1.375B

NRG Energy, Inc. (NRG) and Global Infrastructure Partners have entered into a Purchase Agreement for GIP to purchase NRG's ownership in NRG Yield (NYLD) and NRG's Renewables Platform for cash proceeds of $1.375 billion, subject to certain adjustments. The purchase and sale agreement includes the sale of NRG's ownership in NRG Yield's Class B and Class D shares, NRG's renewable energy development and operations platforms, NRG's renewable energy non-ROFO backlog and pipeline, and the NRG ROFO updated pipeline, with the exception of four assets which are addressed in separate agreements. The transaction is expected to close in the second half of the year and is subject to various customary closing conditions, approvals and consents, including: Federal Energy Regulatory Commission; California Public Utility Commission; Connecticut Public Utilities Regulatory Authority; Department of Energy; Pennsylvania Public Utilities Authority; and antitrust review under Hart-Scott-Rodino. The transaction is not subject to shareholder approval. The sale of NRG's Renewables Platform and NRG's interest in NRG Yield does not impact NRG's commitment to provide comprehensive energy solutions for corporate and residential customers. NRG and NRG Yield entered into Purchase and Sale Agreements for NRG Yield to purchase NRG's interest in the following ROFO pipeline assets: 527 MW Carlsbad Energy Center and 154 MW Buckthorn Solar for additional cash proceeds of $407 million, subject to certain adjustments. NRG and Cleco Corporate Holdings LLC entered into a Purchase and Sale Agreement for Cleco to purchase NRG's South Central business for a total purchase price and cash proceeds of $1.0 billion, subject to certain adjustments. Today's announcement brings NRG's cumulative Transformation Plan asset sales to $2.9 billion in anticipated cash proceeds, including approximately $150 million of asset monetization closed in the second half of 2017. NRG expects to announce additional asset sales over the course of 2018 and is revising its total asset sales cash proceeds target to approximately $3.2 billion.

NRG

NRG Energy

$25.51

0.35 (1.39%)

NYLD

NRG Yield

$17.15

-0.75 (-4.19%)

  • 26

    Feb

  • 01

    Mar

  • 01

    Mar

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.
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

TODAY'S FREE FLY STORIES

SSTI

ShotSpotter

$20.00

0.03 (0.15%)

07:55
02/21/18
02/21
07:55
02/21/18
07:55
Earnings
ShotSpotter reports Q4 EPS (26c), two estimates (9c) »

Reports Q4 revenue $6.5M,…

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

See Street Research during your Free Trial

  • 11

    Mar

DIN

DineEquity

$63.44

8.77 (16.04%)

07:55
02/21/18
02/21
07:55
02/21/18
07:55
Conference/Events
DineEquity to host investor day »

Investor Day to be held…

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

See Street Research during your Free Trial

  • 21

    Feb

  • 26

    Feb

IPXL

Impax

$19.70

0.1 (0.51%)

07:54
02/21/18
02/21
07:54
02/21/18
07:54
Hot Stocks
Amneal launches memantine hydrochloride extended-release capsules »

Amneal Pharmaceuticals…

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

See Street Research during your Free Trial

  • 01

    Mar

PTCT

PTC Therapeutics

$24.14

0.21 (0.88%)

07:54
02/21/18
02/21
07:54
02/21/18
07:54
Recommendations
PTC Therapeutics analyst commentary  »

PTC Therapeutics price…

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

See Street Research during your Free Trial

  • 03

    May

X

U.S. Steel

$44.83

0.08 (0.18%)

07:52
02/21/18
02/21
07:52
02/21/18
07:52
Recommendations
U.S. Steel analyst commentary  »

U.S. Steel price target…

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

See Street Research during your Free Trial

DX

Dynex Capital

$6.28

-0.1 (-1.57%)

07:52
02/21/18
02/21
07:52
02/21/18
07:52
Earnings
Dynex Capital reports Q4 core EPS 20c, consensus 19c »

Book value per common…

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

See Street Research during your Free Trial

ACIA

Acacia Communications

$41.92

-0.48 (-1.13%)

07:51
02/21/18
02/21
07:51
02/21/18
07:51
Recommendations
Acacia Communications analyst commentary  »

Acacia Communications…

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

See Street Research during your Free Trial

  • 22

    Feb

  • 26

    Feb

  • 29

    Mar

RGR

Sturm, Ruger

$48.35

-1.95 (-3.88%)

, AOBC

American Outdoor Brands

$10.18

-0.56 (-5.21%)

07:50
02/21/18
02/21
07:50
02/21/18
07:50
Periodicals
President Trump urges ban of bump stocks, CNBC reports »

President Donald Trump on…

RGR

Sturm, Ruger

$48.35

-1.95 (-3.88%)

AOBC

American Outdoor Brands

$10.18

-0.56 (-5.21%)

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

See Street Research during your Free Trial

  • 22

    Feb

  • 01

    Mar

WYNN

Wynn Resorts

$164.92

0.64 (0.39%)

07:50
02/21/18
02/21
07:50
02/21/18
07:50
Recommendations
Wynn Resorts analyst commentary  »

Okada case could have $4…

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

See Street Research during your Free Trial

QUOT

Quotient Technology

$13.30

0.1 (0.76%)

07:49
02/21/18
02/21
07:49
02/21/18
07:49
Initiation
Quotient Technology initiated  »

Quotient Technology…

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

See Street Research during your Free Trial

VLKAY

Volkswagen

$41.00

-1.54 (-3.62%)

, NFLX

Netflix

$278.55

0.03 (0.01%)

07:47
02/21/18
02/21
07:47
02/21/18
07:47
Periodicals
Judge rejects VW's bid to delay first U.S. diesel emissions trial, Reuters says »

A judge has denied a…

VLKAY

Volkswagen

$41.00

-1.54 (-3.62%)

NFLX

Netflix

$278.55

0.03 (0.01%)

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

See Street Research during your Free Trial

  • 23

    Feb

  • 26

    Feb

  • 20

    Mar

MMLP

Martin Midstream Partners

$16.05

-0.2 (-1.23%)

07:47
02/21/18
02/21
07:47
02/21/18
07:47
Conference/Events
Martin Midstream Partners to hold a guidance conference call »

Conference call to…

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

See Street Research during your Free Trial

  • 15

    May

MOS

Mosaic

$26.76

1.33 (5.23%)

07:46
02/21/18
02/21
07:46
02/21/18
07:46
Technical Analysis
Technical Take: Mosaic moves higher, analyst action »

In pre-market trading,…

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

See Street Research during your Free Trial

  • 25

    Feb

  • 25

    Feb

  • 28

    Feb

SWDBY

Swedbank

$25.49

-0.43 (-1.66%)

07:46
02/21/18
02/21
07:46
02/21/18
07:46
Conference/Events
Swedbank management to meet with JPMorgan »

Meetings to be held in…

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

See Street Research during your Free Trial

  • 21

    Feb

  • 22

    Feb

  • 23

    Feb

MDR

McDermott

$7.89

0.04 (0.51%)

07:46
02/21/18
02/21
07:46
02/21/18
07:46
Earnings
McDermott sees FY18 sees FY18 EPS 42c-52c, consensus 46c »

Sees FY18 revenue…

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

See Street Research during your Free Trial

  • 21

    Feb

OKTA

Okta

$35.84

1.09 (3.14%)

07:45
02/21/18
02/21
07:45
02/21/18
07:45
Recommendations
Okta analyst commentary  »

Okta price target raised…

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

See Street Research during your Free Trial

  • 26

    Feb

  • 26

    Feb

  • 07

    Mar

K

Kellogg

$69.68

0.02 (0.03%)

07:44
02/21/18
02/21
07:44
02/21/18
07:44
Hot Stocks
Kellogg affirms 2018 guidance and plan, including 2018 adjusted EPS up 9%-11% »

In slides being presented…

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

See Street Research during your Free Trial

  • 21

    Feb

  • 26

    Feb

MDR

McDermott

$7.89

0.04 (0.51%)

07:44
02/21/18
02/21
07:44
02/21/18
07:44
Earnings
McDermott reports Q4 EPS 10c, consensus 4c »

Reports Q4 revenue…

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

See Street Research during your Free Trial

  • 21

    Feb

PTLA

Portola Pharmaceuticals

$48.22

0.53 (1.11%)

07:43
02/21/18
02/21
07:43
02/21/18
07:43
Recommendations
Portola Pharmaceuticals analyst commentary  »

Portola Pharmaceuticals…

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

See Street Research during your Free Trial

  • 28

    Feb

  • 04

    May

HD

Home Depot

$186.71

-0.26 (-0.14%)

07:43
02/21/18
02/21
07:43
02/21/18
07:43
Recommendations
Home Depot analyst commentary  »

Home Depot price target…

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

See Street Research during your Free Trial

  • 30

    May

GPC

Genuine Parts

$94.67

-5.16 (-5.17%)

07:39
02/21/18
02/21
07:39
02/21/18
07:39
Recommendations
Genuine Parts analyst commentary  »

Genuine Parts price…

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

See Street Research during your Free Trial

  • 07

    Mar

OC

Owens Corning

$87.15

-0.325 (-0.37%)

07:38
02/21/18
02/21
07:38
02/21/18
07:38
Hot Stocks
Owens Corning expects FY18 corporate expenses $140M-$150M »

The company said,…

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

See Street Research during your Free Trial

  • 21

    Feb

FSLR

First Solar

$66.58

0.73 (1.11%)

07:37
02/21/18
02/21
07:37
02/21/18
07:37
Hot Stocks
First Solar to build 200MWac solar plant in Twiggs County, GA »

First Solar is set to…

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

See Street Research during your Free Trial

  • 22

    Feb

  • 15

    Mar

TTS

Tile Shop

07:37
02/21/18
02/21
07:37
02/21/18
07:37
Earnings
Tile Shop reports Q4 EPS (5c), consensus 5c »

Reports Q4 revenue…

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

See Street Research during your Free Trial

  • 21

    Feb

WMT

Walmart

$94.11

-10.67 (-10.18%)

07:37
02/21/18
02/21
07:37
02/21/18
07:37
Recommendations
Walmart analyst commentary  »

Walmart should be bought…

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

See Street Research during your Free Trial

  • 25

    Feb

  • 28

    Feb

  • 07

    Mar

  • 18

    Mar

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.