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Thursday, June 01, 2017 2:09:53 PM
NRG Energy (NRG +3.2%) pops more than 3% after UBS upgrades shares to Buy from Neutral and raises its price target to $20 from $19, saying the GenOn settlement and latest PJM auction add clarity while the cost cutting thesis remains intact and the major near-term catalyst for the stock.
While the deadline for the cost review is set for Aug. 14, UBS expects more details to come out sooner and could well see management update 2017 guidance in the coming weeks given the added clarity provided by the GenOn settlement.
The firm continues to assume $140M of cost cuts in its base case valuation and sees further savings potential within the retail and renewable segments.
Recent NRG News
- Form 8-K - Current report • Edgar (US Regulatory) • 11/01/2024 08:35:07 PM
- NRG Energy, Inc. Announces Pricing of Tender Offer for any and all of 6.75% Senior Secured Notes due 2027 issued by APX Group, Inc. • Business Wire • 10/29/2024 04:33:00 PM
- NRG Energy, Inc. Announces Early Results of Exchange Offer and Consent Solicitation for any and all of the 5.75% Senior Notes due 2029 issued by APX Group, Inc. • Business Wire • 10/29/2024 12:22:00 AM
- NRG Energy, Inc. Announces Early Results of Cash Tender Offer and Consent Solicitation for any and all of the 6.75% Senior Secured Notes due 2027 issued by APX Group, Inc. • Business Wire • 10/29/2024 12:03:00 AM
- Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] • Edgar (US Regulatory) • 10/21/2024 08:11:30 PM
- NRG Energy, Inc. Announces Upsizing and Pricing of Senior Notes due 2033 and Senior Notes due 2034 • Business Wire • 10/16/2024 10:37:00 PM
- NRG Energy, Inc. Announces Offering of Senior Notes due 2033 and Senior Notes due 2034 • Business Wire • 10/16/2024 12:30:00 PM
- NRG Energy, Inc. Announces Exchange Offer and Consent Solicitation for any and all of APX Group, Inc.’s outstanding 5.75% Senior Notes due 2029 • Business Wire • 10/15/2024 04:13:00 PM
- NRG Energy, Inc. Announces Cash Tender Offer and Consent Solicitation for any and all of APX Group, Inc.’s outstanding 6.75% Senior Secured Notes due 2027 • Business Wire • 10/15/2024 03:56:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/15/2024 03:40:25 PM
- NRG Energy, Inc. Announces Quarterly Dividend • Business Wire • 10/11/2024 08:12:00 PM
- NRG Energy, Inc. Raises 2024 Guidance and Announces Third Quarter 2024 Earnings Call • Business Wire • 09/25/2024 09:10:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/25/2024 09:01:54 PM
- NRG Energy Celebrates 17th Annual Volunteer Week with One Million Meals • Business Wire • 09/20/2024 01:20:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 08:56:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 10:32:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 10:31:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 10:31:32 PM
- NRG Energy, Inc. Reports Second Quarter Results and Reaffirms 2024 Financial Guidance • Business Wire • 08/08/2024 11:02:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 10:55:25 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/05/2024 08:43:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/05/2024 08:43:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/05/2024 08:43:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/05/2024 08:43:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/05/2024 08:43:38 PM
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