|Bid||27.97 x 800|
|Ask||35.54 x 3200|
|Day's Range||35.44 - 36.29|
|52 Week Range||29.90 - 43.66|
|Beta (3Y Monthly)||0.23|
|PE Ratio (TTM)||22.56|
|Earnings Date||Jul 31, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||0.12 (0.29%)|
|1y Target Est||47.27|
NRG Energy Inc. (NYSE: NRG), which has dual headquarters in Houston and New Jersey, will buy Dallas-based Stream Energy’s retail electricity and natural gas business for $300 million plus working capital. The all-cash deal will grow the company’s market share in Texas and other states. Stream serves more than 600,000 residential customer equivalents in nine states and Washington, D.C. A residential customer equivalent is an industry term for the typical yearly consumption by a single-family residential customer, with one RCE representing 1,000 therms of natural gas or 10,000 kWh of electricity, the release explains.
Eversource Energy's (ES) subsidiary NSTAR Electric Company issues $400 million Green Bonds to finance its green initiatives.
Southern Company's (SO) strategic strides, splendid earnings surprise record and impressive dividend payouts have been fueling the stock of late.
NRG Energy plans to buy the retail electric and natural gas business of Dallas-based Stream Energy for $300 million. The company announced the cash deal on Monday. The proposed acquisition of Stream Energy ...
NRG Energy, Inc. (NRG) has priced its offering of $600.0 million in aggregate principal amount of 3.750% senior secured first lien notes due 2024 at a price to the public of 99.971% of their face value (the “2024 Notes”) and $500.0 million in aggregate principal amount of 4.450% senior secured first lien notes due 2029 at a price to the public of 99.869% of their face value (the “2029 Notes” and, together with the 2024 Notes, the “Notes”). The Notes will be guaranteed on a first-priority basis by each of NRG’s current and future subsidiaries that guarantee indebtedness under its credit agreement. The Notes will be secured by a first priority security interest in the same collateral that is pledged for the benefit of the lenders under NRG’s credit agreement, which consists of a substantial portion of the property and assets owned by NRG and the guarantors.
In recent months, Gutierrez said the company was modeling its power generation portfolio based on what its retail customers want, echoing statements he made just a few months earlier.
The all-cash transaction will "increase our national retail leadership position," NRG CEO Mauricio Gutierrez said.
NRG Energy, Inc. (NRG) intends to commence an offering of senior secured first lien notes, consisting of senior secured first lien notes due 2024 and senior secured first lien notes due 2029 (collectively, the “Notes”). The Notes will be guaranteed on a first-priority basis by each of NRG’s current and future subsidiaries that guarantee indebtedness under its credit agreement. The Notes will be secured by a first priority security interest in the same collateral that is pledged for the benefit of the lenders under NRG’s credit agreement, which consists of a substantial portion of the property and assets owned by NRG and the guarantors.
David Tepper (Trades, Portfolio)'s Appaloosa Management sold shares of the following stocks during the first quarter. The investor exited his Atlantica Yield PLC (AY) stake. Warning! GuruFocus has detected 7 Warning Signs with AY.
NRG Energy Stock Remains Weak, Trades in the Oversold Zone(Continued from Prior Part)Analysts’ recommendationsNRG Energy (NRG) stock offers a robust upside potential of more than 30% for the next 12 months. Based on analysts’ consensus estimate,
NRG Energy Stock Remains Weak, Trades in the Oversold ZoneStock down ~20% from its 52-week highMerchant power stock NRG Energy (NRG) has been on a falling spree recently and has fallen almost 12% so far this month. The Utilities Select Sector SPDR
How Utilities Fared amid Broader Market Swings Last Week(Continued from Prior Part)ValuationAlmost all the top utility stocks have showed a decent rally in the last few months. They are trading more than 17 times their forward earnings, higher than
NRG Energy, Inc. (NRG) today announced the expiration and results of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its outstanding 6.25% senior notes due 2024 (the “2024 Notes”). The Tender Offer expired at 5:00 p.m., New York City time, on May 13, 2019 (the “Expiration Time”). As of the Expiration Time, an aggregate principal amount of $593,451,000, or 80.9%, of the 2024 Notes were validly tendered and not validly withdrawn, which amount excludes $398,000 aggregate principal amount of the Notes that remain subject to guaranteed delivery procedures.
New York environmental regulators adopted rules to reduce carbon dioxide emissions from power plants that will force generators to stop burning coal in the state by the end of 2020. New York Governor Andrew Cuomo, who has been highly critical of U.S. President Donald Trump's support for the coal industry, said in a statement on Thursday that state's new carbon reduction rules would deliver on his 2016 pledge to go coal-free by 2020. "As our federal government continues to support the dying fossil fuel industry, deny climate change, and roll back environmental protections, New York is leading the nation with bold climate action to protect our planet and our communities," Cuomo said.
Shares of utility companies were broadly lower Wednesday, with the sector the only one of the S&P 500's 11 sectors to lose ground, weighed down by a big bounce in Treasury yields. The SPDR Utilities Select Sector ETF shed 1.0% in afternoon trade, with 27 of 28 equity components losing ground. The biggest decliner was NRG Energy Inc.'s stock which slumped 5.1%. Among other more active utilities ETF components, shares of AES Corp. lost 2.3%, Excelon Corp. gave up 0.9% and Southern Co. shed 0.6%. The lone gainer was Sempra Energy's stock which tacked on 0.6%. Meanwhile, the yield on the 10-year Treasury note rose 3.6 basis points to 2.484%, after falling 10.4 basis points the previous three sessions, as a bounce in the stock market helped calm risk-off trades. Utilities stocks tend to have relatively high dividend yields, so a rise in yields on low-risk Treasurys make them less attractive. The utilities ETF's dividend yield is 3.15%, compared with the implied yield for the S&P 500 of 1.99%, according to FactSet.
AES Stock Looks Weak after Its Q1 Earnings(Continued from Prior Part)Analysts’ recommendationsAES (AES) stock has fallen more than 10% since its decade high of $18.5 last month. Analysts expect a fair upside potential from AES going forward.
NRG Energy, Inc. (NRG) has priced its offering of $733.0 million in aggregate principal amount of 5.250% senior notes due 2029 (the “New Notes”). The offering is expected to close on May 14, 2019, subject to customary closing conditions. NRG intends to use the net proceeds from the offering, together with cash on hand, to repurchase any and all of the approximately $733.6 million outstanding aggregate principal amount of its 6.25% senior notes due 2024 (the “2024 Notes”) and to pay fees and expenses related to the offering of the New Notes and incurred in connection with the repurchase of the 2024 Notes.
NRG Energy, Inc. (NRG) intends to commence an offering of $733.0 million in aggregate principal amount of senior notes due 2029 (the “New Notes”). NRG intends to use the net proceeds from the offering, together with cash on hand, to repurchase any and all of the approximately $733.6 million outstanding aggregate principal amount of its 6.25% senior notes due 2024 (the “2024 Notes”) and to pay fees and expenses related to the offering of the New Notes and incurred in connection with the repurchase of the 2024 Notes. The New Notes and related guarantees are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), or, outside the United States, to persons other than “U.S. persons” in compliance with Regulation S under the Securities Act.
NRG Energy, Inc. (NRG) announced that it has commenced a cash tender offer to purchase any and all of the approximately $733.6 million outstanding aggregate principal amount of its 6.25% senior notes due 2024 (the “2024 Notes”) with the net proceeds from NRG’s concurrent private placement of $733.0 million in aggregate principal amount of senior notes due 2029 (the “New Notes”), which was also announced today by NRG, as well as with cash on hand. The tender offer is being made pursuant to an offer to purchase, related letter of transmittal and notice of guaranteed delivery, each dated as of May 7, 2019.
All things considered, it could have been worse … and for the better part of Monday, it was. The S&P 500's loss of 0.45% yesterday was a huge pare-back from what at one point was nearly a 2% drubbing driven by renewed worries of economic headwinds.Source: Allan Ajifo via Wikimedia (Modified)Advanced Micro Devices (NASDAQ:AMD) inflicted the most net damage, falling 2.8% after President Trump threatened to put new tariffs in place on China's imports of U.S. goods. Advanced Micro Devices is one of the more vulnerable chipmakers. Affiliated Managers Group (NYSE:AMG) lost more ground of its own though, off 11.6% after a disappointing Q1 report was worsened by news that CEO Nathaniel Dalton would be stepping down due to illness.At the other end of the spectrum, Coty (NYSE:COTY) rallied nearly 6%, largely driven by the acceptance of the tender offer from JAB Holding.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Strong Buy Stocks That Tick All the Boxes But headed into Tuesday's trading, the stock charts of General Electric (NYSE:GE), Citrix Systems (NASDAQ:CTXS) and NRG Energy (NYSE:NRG) are of the most interest. The broad market is clearly vulnerable, and traders need to be even pickier than usual about selecting stocks. NRG Energy (NRG)A week ago, NRG Energy was rolling over in a gradual, arc-shaped way that we hadn't seen in months. It could mean this wave of weakness was a little more calculated than the past ones had been, and as such, it could last longer. On the other hand, none of the key support levels that were keeping NRG stock pushing forward had been broken. The U-shaped rollover could mean nothing.It's starting to look like it meant something. In just the past five trading days, NRG Energy shares broke below both of the aforementioned technical floors. We're in uncharted waters now, fighting what looks like will be a losing battle. Click to Enlarge * The two technical floors in question are plotted with dashed lines on both stock charts. The near-term support line plotted in red touched the key lows going back to July. The longer-term line is in yellow and it touches the key lows going back to 2017. * Thanks to yesterday's sizeable stumble, NRG Energy is also below the white 200-day moving average line for the first time since the beginning of 2017. * The volume behind the pullback was modest, until late last week and Monday. A couple of high volume selloffs evident on the daily chart finally dragged the weekly chart's Chaikin line below zero in a big way. General Electric (GE)General Electric hasn't been a particularly easy name to own of late, even for speculative reasons. Just when it looks like it's on the mend, the wrong headline surfaces and up-ends a budding rally effort.Things are slowly but surely changing for the better though, and one more good day could be a game-changer. A lot of the heavy lifting has already been done, and some programmatic or algorithmic buying could be in the offing. * 7 Marijuana Stocks That Are Bleeding Cash Click to Enlarge * When we last looked at GE back on April 30, it had just pushed up and off of its gray 100-day moving average line, and it had just fully closed a key gap left behind in late March. * While last week's productive move carried General Electric shares above the pivotal 200-day moving average line, plotted in white on both stock charts, the March peak of $10.50 has once again stepped up as a technical ceiling. * Although it still won't happen for a few days, at least, the purple 50-day line is close to clearing the 200-day moving average line. This so-called "golden cross" is a well-watched buy signal for many professional and amateur traders. Citrix Systems (CTXS)Finally, for the better part of the past several weeks, we've been following the technical path of Citrix Systems shares. As of our most recent look from April 18, the stock had just bumped into its 50-day moving average line to remain stuck below the lower edge of a near-term converging wedge pattern.CTXS has remained in that downtrend in the meantime, briefly toying with a break under a horizontal support level before recovering in late April. As of yesterday though, that floor has once again been tested and the bulls aren't nearly as keen at staging a rebound effort. Click to Enlarge * The horizontal support line in question is right around $98, plotted in green on both stock charts. * Although it's technically back above that floor thanks to yesterday's partial bounceback, notice how much resistance is being supplied by the purple 50-day moving average line. * Zooming out to the weekly chart it's easy to see that Citrix Systems shares have already broken below the long-term support level that had tagged the major lows going back to the early 2016 bottom.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Strong Buy Stocks That Tick All the Boxes * 7 Stocks to Buy From the T. Rowe Price Health Sciences Fund * 5 Tech ETFs to Plug In to Big Profits Compare Brokers The post 3 Big Stock Charts for Tuesday: NRG Energy, Citrix Systems and General Electric appeared first on InvestorPlace.