NRG Energy Inc. To Purchase Energy Plus

- NRG Energy Inc. To Purchase Energy Plus



Aug 16, 2011

NRG Energy Inc. (NYSE:NRG) plans to purchase a Philadelphia retail electricity and natural-gas provider for $190 million in cash.

Based in Princeton, New Jersey NRG announced Tuesday that acquiring Energy Plus Holdings LLC would give the company an opportunity to widen its retail business in the Northeast.

The deal requires regulatory approvals from the Justice Department and the Federal Energy Regulatory Commission. It is expected to close in October.

NRG Energy (NYSE:NRG) has a potential upside of 21.1% based on a current price of $22.57 and an average consensus analyst price target of $27.33.

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Fitch Confirms NRG Rating

- Fitch Confirms NRG Rating



Aug 9, 2011

Fitch Ratings on Tuesday confirmed its noninvestment-grade "B+" overall credit rating for wholesale power company NRG Energy Inc.(NYSE:NRG).

The credit rating agency also gave its "BB+" rating to NRG's new first line facilities and affirmed its "BB" rating on the company's unsecured notes. The outlook is stable.

Fitch pointed to the diversity of NRG's power plants in terms of size, fuel location, along with its improved business risk profile, strong liquidity position and historically conservative hedging strategy, as grounds for the ratings.

Fitch said it expects NRG's credit metrics to bottom out in 2013 and for its solid liquidity profile to allow it to navigate a continued drop in commodity prices.

NRG Energy has a potential upside of 28.7% based on a current price of $21.24 and an average consensus analyst price target of $27.33.

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Caterpillar Announced It Plans To Open A New Manufacturing Facility In Thailand

- Caterpillar Announced It Plans To Open A New Manufacturing Facility In Thailand



Jun 16, 2011

Caterpillar (NYSE:CAT) announced that it plans to open a new manufacturing facility in Thailand, with construction expected to begin in 2011, and production expected to begin in late-2013.

Tom Bluth, Caterpillar vice president with responsibility for the company's Earthmoving Division said, "We continue to make strategic investments in our construction business to support our customers. We are pleased to announce the expansion of Caterpillar's manufacturing operations in Thailand, which will increase our capacity for our existing range of medium track-type tractors, particularly as we sharpen our focus on meeting long-term customer demand in growth markets."

Caterpillar has a potential upside of 41.7% based on a current price of $94.92 and an average consensus analyst price target of $134.53.

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