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Recommendations
NRG Energy price target lowered to $34 from $49 at Citi » 10:41
04/02/20
04/02
10:41
04/02/20
10:41
NRG

NRG Energy

$27.26 /

+0.39 (+1.45%)

Citi analyst Ryan Levine…

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Over a week ago
Options
Largest borrow rate increases among liquid names » 08:45
03/23/20
03/23
08:45
03/23/20
08:45
CODX

Co-Diagnostics

$10.39 /

-0.22 (-2.07%)

, OVV

Ovintiv

$2.48 /

-0.24 (-8.82%)

, GME

GameStop

$3.76 /

-0.43 (-10.27%)

, HYG

iShares iBoxx $ High Yield Corporate Bond

$69.75 /

-1.6 (-2.24%)

, PLT

Plantronics

$8.40 /

+0.92 (+12.30%)

, CYH

Community Health

$2.65 /

-0.36 (-11.98%)

, PVG

Pretium Resources

$5.58 /

-0.825 (-12.88%)

, TQQQ

ProShares UltraPro QQQ

$35.55 /

-4.47 (-11.17%)

, CMCSA

Comcast

$33.37 /

-2.54 (-7.07%)

, NRG

NRG Energy

$23.29 /

-0.695 (-2.90%)

Latest data shows the…

Latest data shows the largest indicative borrow rate increases among liquid option names include: Co-Diagnostics (CODX) 106.70% +2.81, Ovintiv (OVV) 8.05% +0.45, GameStop (GME) 95.73% +0.44, iShares High Yield Corporate Bond ETF (HYG) 3.75% +0.31, Plantronics (PLT) 1.32% +0.27, Community Health (CYH) 0.65% +0.26, Pretium Resources (PVG) 0.74% +0.22, ProShares UltraPro QQQ (TQQQ) 1.65% +0.19, Comcast (CMCSA) 0.43% +0.18, and NRG Energy (NRG) 0.43% +0.18.

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Upgrade
NRG Energy upgraded to Buy from Hold at Vertical Research » 09:30
03/03/20
03/03
09:30
03/03/20
09:30
NRG

NRG Energy

$34.16 /

-0.33 (-0.96%)

Vertical Research analyst…

Vertical Research analyst Jonathan Arnold upgraded NRG Energy to Buy from Hold with a $45 price target.

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Hot Stocks
Evergy enters agreement with Elliot to add two independent directors to board » 07:42
03/02/20
03/02
07:42
03/02/20
07:42
EVRG

Evergy

$65.16 /

-1.9 (-2.83%)

, NRG

NRG Energy

$33.02 /

-1.47 (-4.26%)

Evergy (EVRG) announced…

Evergy (EVRG) announced that it has entered into an agreement with affiliates of Elliott Management, which currently own an economic interest equivalent to approximately 10M shares of Evergy's common stock. As part of the agreement, two new independent directors will join the Evergy board of directors, effective March 3. In addition, the board is establishing a new strategic review and operations committee with a mandate to explore ways to enhance shareholder value. As part of the agreement, Paul Keglevic, former CFO and CEO of Energy Future Holdings, and Kirk Andrews, current executive VP and CFO of NRG Energy (NRG), are being appointed to the Evergy board as new independent directors, resulting initially in a board comprised of 17 directors. Four current directors will retire from the Evergy board at the end of their current term such that, at the time of the 2020 annual meeting of shareholders in May, the size of the board will be reduced to 13 directors. Evergy will provide additional information regarding the 13 directors who will stand for election at the 2020 annual meeting of shareholders in its proxy materials to be filed with the Securities and Exchange Commission in the coming weeks.recommend ways to enhance shareholder value, including through a potential strategic combination or a modified long-term standalone operating plan and strategy, as further detailed in the committee's charter. Terry Bassham, Art Stall, Paul Keglevic and Kirk Andrews will serve as members of the committee, and Art Stall and Paul Keglevic will serve as co-chairs. The charter for the new committee will authorize it to retain its own independent consultants, advisors and counsel to facilitate its review. Additionally, Elliott has entered into an information-sharing agreement that will allow for an ongoing dialogue between Elliott and the committee. The committee plans to complete its review, make its formal recommendation to the Evergy board and publicly announce the review's outcome during the first half of 2020. Pursuant to the agreement, Elliott has agreed to customary standstill, voting, and other provisions.

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Over a month ago
Hot Stocks
NRG Energy sees FY20 adjusted EBITDA $1.9B-$2.1B » 08:57
02/27/20
02/27
08:57
02/27/20
08:57
NRG

NRG Energy

$35.08 /

-1.07 (-2.96%)

Sees FY20 adjusted cash…

Sees FY20 adjusted cash from operations $1.45B-$1.65B.

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Hot Stocks
NRG Energy reports Q4 adjusted EBITDA $384M » 08:57
02/27/20
02/27
08:57
02/27/20
08:57
NRG

NRG Energy

$35.08 /

-1.07 (-2.96%)

NRG Energy reported full…

NRG Energy reported full year 2019 income from continuing operations of $4.1B, or $16.81 per diluted common share. This increase in income from continuing operations is driven by the release of a $3.5B tax valuation allowance due to continuing evidence of historical and forecasted positive earnings. Adjusted EBITDA for the full year 2019 was $2B, cash from continuing operations was $1.4B and FCFbG was $1.2 billion. Cash from continuing operations and FCFbG were impacted by certain cash receipts previously expected in 2019, which are now expected to be received in 2020. "Our integrated platform delivered another year of stable financial and operational results," said Mauricio Gutierrez, NRG President and CEO. "The strength of our business model provides the financial flexibility to continue perfecting our platform while consistently returning significant capital to our shareholders."

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Initiation
NRG Energy initiated with a Hold at Vertical Research » 17:57
02/24/20
02/24
17:57
02/24/20
17:57
NRG

NRG Energy

$38.14 /

-1.24 (-3.15%)

Vertical Research…

Vertical Research initiated coverage of NRG Energy with a Hold rating and $45 price target.

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Initiation
NRG Energy initiated with a Market Perform at BMO Capital » 16:31
02/19/20
02/19
16:31
02/19/20
16:31
NRG

NRG Energy

$39.41 /

-0.545 (-1.36%)

, VST

Vistra Energy

$22.70 /

-0.655 (-2.80%)

BMO Capital analyst James…

BMO Capital analyst James Thalacker initiated coverage of NRG Energy (NRG) with a Market Perform rating and $43.50 price target. Given his cautious view on power markets, preference for spark spread leverage, uncertainty on PJM capacity markets, and NRG's current premium versus Vistra Energy (VST), the analyst is on the sidelines for now.

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Recommendations
May be time to take Vistra and NRG Energy private, says Citi » 06:55
01/30/20
01/30
06:55
01/30/20
06:55
VST

Vistra Energy

$22.13 /

+0.58 (+2.69%)

, NRG

NRG Energy

$37.15 /

+0.14 (+0.38%)

Citi analyst Praful Mehta…

Citi analyst Praful Mehta wonders if it is time to take Vistra Energy (VST) and NRG Energy (NRG) private with the stocks down 20% and 10%, respectively, over the past three months. At current prices, Vistra and NRG are trading at a 2021 free cash flow yield of 21.2% and 14.4% and EBITDA multiples of 6.2 times and 7.2 times, respectively, Mehta tells investors in a research note. He attributes the recent selloff to the drop in gas and peak power prices, the uncertainty in PJM capacity auctions, and the increase in public market focus on socially responsible investing. A Vistra takeout at $13B and NRG at $11B are large transactions, but the private market has significant capital and, with a potential private equity consortium, a transaction of this size can be funded, contends Mehta. He believes the math supports Vistra takeout at $28 per share and NRG takeout at $44 per share.

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Hot Stocks
NRG Energy raises quarterly dividend to 30c from 3c per share » 17:44
01/21/20
01/21
17:44
01/21/20
17:44
NRG

NRG Energy

$38.52 /

-0.03 (-0.08%)

The dividend is payable…

The dividend is payable on February 18, 2020 to stockholders of record as of February 3, 2020.

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