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NRG

NRG Energy

$35.58

-0.22 (-0.61%)

06:35
05/20/19
05/20
06:35
05/20/19
06:35

NRG Energy to acquire Stream Energy's electricity and nat gas business for $300M

NRG Energy has agreed to acquire Stream Energy's retail electricity and natural gas business for $300M plus working capital in an all-cash transaction. This acquisition, with an anticipated $65M annual EBITDA contribution, is expected to further enhance NRG's position as the premier retail energy provider in the U.S. and, when combined with NRG's generation assets, will enable NRG to deliver even greater value to customers and shareholders. The transaction represents a 4.6x Enterprise Value/Adjusted EBITDA multiple of the expected annualized Adjusted EBITDA run rate of $65M. The transaction is expected to close in the third quarter and is subject to various customary closing conditions, approvals and consents, including the Federal Energy Regulatory Commission, Georgia Public Service Commission, and antitrust review under Hart-Scott-Rodino.

NRG NRG Energy
$35.58

-0.22 (-0.61%)

08/06/18
SBSH
08/06/18
UPGRADE
Target $38
SBSH
Buy
Citi brings NRG Energy back to Buy a week after downgrade
Citi analyst Praful Mehta upgraded NRG Energy to Buy from Neutral and raised his price target for the shares to $38 from $33. The analyst downgraded the shares to Neutral on July 30. In a research note partially titled "We Were Wrong. Story Stronger," Mehta says the strength of NRG's model was shown in last week's Q2 report. The analyst boosted his 2019 EBITDA estimate by $300M and 2020 estimate by $150M. He views his sum-of-the-parts valuation of $38 per share as conservative since it includes no value for buybacks or return on excess cash. NRG's "strong execution and ERCOT tightness" drives the upgrade back to Buy, Mehta tells investors in a research note.
12/10/18
SBSH
12/10/18
NO CHANGE
Target $47
SBSH
Buy
NRG Energy price target raised to $47 from $38 at Citi
Citi analyst Praful Mehta raised his price target for NRG Energy to $47 after updating his model for Q3 financials, latest management guidance, and forward commodity curves. The analyst keeps a Buy rating on the shares and remains bullish on NRG's fundamentals.
01/28/19
DBAB
01/28/19
DOWNGRADE
DBAB
Hold
NRG Energy downgraded to Hold from Buy at Deutsche Bank
03/25/19
MSCO
03/25/19
INITIATION
Target $64
MSCO
Equal Weight
NRG Energy resumed with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Stephen Byrd resumed coverage of NRG Energy with an Equal Weight rating and $64 price target, stating that he sees upside to power prices given what he views as the very tight supply-demand balance in the Texas power market. Aside from Texas upside, NRG also offers the "underappreciated positives" of resilient retail margins, an improving balance sheet, and favorable cash flow compared to other commodity-exposed industries, Byrd tells investors. However, he thinks NRG's strong and stable free cash flow outlook is already largely reflected in the stock.

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GBT

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KRYS

Krystal Biotech

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CNC

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QUAD

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