|Bid||33.54 x 800|
|Ask||33.55 x 1100|
|Day's Range||33.24 - 34.46|
|52 Week Range||33.24 - 47.82|
|Beta (5Y Monthly)||0.84|
|PE Ratio (TTM)||4.16|
|Forward Dividend & Yield||1.40 (4.04%)|
|Ex-Dividend Date||Oct 31, 2022|
|1y Target Est||N/A|
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The deal for home-security business Vivint would accelerate NRG Chief Executive Mauricio Gutierrez’s growth strategy.
NRG has seen opportunity in smart home services, connected devices and consumer data for some time. The company's multibillion-dollar deal to acquire Utah-based Vivint aims to put NRG squarely in that market.
NRG Energy (NYSE: NRG) has agreed to acquire Vivint Smart Home (NYSE: VVNT) in a deal that values the target at $5.2 billion, including debt. NRG CEO Mauricio Gutierrez in a statement called the acquisition "a transformational step in achieving our vision" to be at the leading edge of high-tech solutions for homes and businesses. The deal is a positive outcome for the special purpose acquisition company (SPAC) market.