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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NRG Energy Reported Q2 Results, Top Line Up Nearly 7%

- NRG Energy Reported Q2 Results, Top Line Up Nearly 7%



Aug 4, 2011

NRG Energy (NYSE:NRG) reported Q2 EPS of $2.53, which may not be comparable to consensus estimates of $0.39 per share. Revenues for the quarter rose 6.8% year-over-year to $2.28 billion, missing consensus estimates of $2.43 billion.

The company is increasing its share purchases by an additional $250 million.

David Crane, NRG President and Chief Executive Officer commented, "Our relentless focus on execution across the Company has resulted in solid financial results for the second quarter, enabling the Company to generate substantial free cash flow even after investing close to $700 million year-to-date in our exciting growth projects. We are in a good position now to complete the simplification of our capital structure in a way that allows the Company to optimize the allocation of capital for the benefit of all of its stakeholders."

NRG Energy has a potential upside of 13.1% based on a current price of $23.66 and an average consensus analyst price target of $26.75.

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