Showing posts with label NRG Energy. Show all posts
Showing posts with label NRG Energy. Show all posts

Monday, July 23, 2012

RRI (GEN) (MOS) (NRG) (ROSE) (SLB) (VLO) (WLL) Upgraded by Analysts

Several commodity companies were upgraded by analysts Monday, including RRI Energy, Inc. (GEN), The Mosaic Company (MOS), NRG Energy, Inc. (NRG), Rosetta Resources Inc. (ROSE), Schlumberger (SLB), Valero Energy Co. (VLO) and Whiting Petroleum Co. (WLL).

Macquarie upgraded RRI Energy, Inc. (GEN) from a "Neutral" rating to an "Outperform" rating.

UBS AG (NYSE: UBS) upgraded RRI Energy, Inc. (GEN) from a "Neutral" rating to a "Buy" rating.

Barclays Capital upgraded RRI Energy, Inc. (GEN) from an "Equalweight" rating to an "Overweight" rating.

Citigroup (NYSE: C) upgraded The Mosaic Company (MOS) from a "Neutral" rating to a "Buy" rating. They raised their price from $62.00 $66.00 on the company.

Barclays Capital upgraded NRG Energy, Inc. (NRG) from an "Equalweight" rating to an "Overweight" rating.

Tudor Pickering upgraded Rosetta Resources Inc. (ROSE) from a "Hold" rating to a "Buy" rating.

Argus upgraded Schlumberger (SLB) from a "Hold" rating to a "Buy" rating. They placed a price target of $85.00 on the company.

UBS upgraded AG Valero Energy Co. (VLO) from a "Neutral" rating to a "Buy" rating.

Susquehanna upgraded Whiting Petroleum Co. (WLL) "Neutral" rating to a "Positive" rating.

Monday, November 8, 2010

NRG Energy (NYSE:NRG) Faces Upside Risk if Gas Comes Back

Even though Deutsche Bank (NYSE:DB) seems some risk associated with NRG Energy (NYSE:NRG) because of their exposure to gas if it surges back, they still raised their rating on the energy company from "Sell" to "Hold," citing weak catalysts no longer a factor.

Deutsche said, "We upgrade NRG to Hold from Sell with the stock having dropped ~8% and lagged the market and IPP peers since mid-September (S&P 500 up 8%). Our key catalyst of weak initial '11 guidance has also now passed. While we are moving to Hold we remain cautious given a weak outlook driven by hedge roll-offs, continued overhang from the STP nuclear project, and a fundamental valuation of $19/sh or modestly below the current price. We do not find further downside potential to be enough, and see upside risk if gas rebounds and/or STP is cancelled."

NRG just finished the process of acquiring Green Mountain Energy Company for a cash deal of $350 million.

The company closed Friday at $20.10, gaining $0.17, or 0.85 percent. They have a market cap of a little over $5 billion.

Tuesday, August 31, 2010

Goldman (NYSE:GS) Lowers Longer Term EPS Estimates for NRG Energy (NYSE:NRG)

While Goldman Sachs (NYSE:GS) increased the short term earnings estimate of NRG Energy (NYSE:NRG), over the next several years they've lowered earnings per share estimates from 2012 through 2014.

For the 2010-2011 year, EPS were increased from $2.12 to $2.14, to $2.45 to $2.99.

In 2012, EPS are estimated to be from $2.62 to $2.51; 2013, $2.34 to $2.25; and 2014, $1.86 to $1.69.

An increase in depreciation expenses also had the giant financial institution lower its long-term outlook for the Northeast segment, while lowering operating income to $47 million a year.

NRG Energy's latest quarterly results showed them with earnings of $693 million. They also raised their guidance for the full year from $2.2 billion to $2.45-2.55 billion.

Friday, August 13, 2010

NRG Energy (NYSE:NRG) Acquiring Dynergy (NYSE:DYN), Kelson Assets

NRG Energy (NYSE:NRG) announced today it is acquiring assets of Dynergy (NYSE:DYN) for $1.36 billion, and assets of Kelson Limited Partnership for $525 million.

An agreement has been signed an agreement to acquire 3,884 megawatts of Dynegy Inc. assets in California and Maine for $1.36 billion, or $351 a kilowatt.

For the Kelson deal, they're acquiring the Cottonwood Generating Station, which is a 1,279 MW plant run buy natural gas in the Entergy zone of east Texas. The cost per kilowatt in this deal is $410.

The deal will be funded by cash and other unidentified sources.

"We’ve sought for many years to fill the gap in our combined cycle gas portfolio in our core markets," said David Crane, President and CEO of NRG Energy in a press release. "With these acquisitions of ideally located assets, we are filling that gap in three of our four core regions while furthering our long-standing strategy of being a regionally focused, multi-fuel scale generator with the ability to dispatch our assets efficiently across the merit order in each of our core markets."

Both deals are expected to close by the end of 2010.

Thursday, March 11, 2010

NRG Energy (NYSE:NRG) Gets $154 Million for Carbon Dioxide Capture System

NRG Energy Gets $154 Million from Taxpayers

NRG Energy (NYSE:NRG) was awarded $154 million in taxpayer dollars for the purpose of installing a carbon dioxide capture system from a power plant powered by coal.

The carbon dioxide is used at older oil fields which have usually been abandoned by their former users. Carbon dioxide is used to capture much of the remaining oil, which in many cases can be substantial.

Of course NRG Energy should be paying for this themselves if they believe in it so much and it's economically feasible, but for taxpayers to foot the bill is ridiculous.

Too bad the company associated itself with the climate-change hoax which has been completely debunked as scientists have been found be be falsifying data which had allegedly proved the climate was warming, when indeed it hasn't been for years.

My problem with this is why should a private company receive taxpayers' money in order to install a system which they will then sell the carbon dioxide to?

Also, NRG CEO David Crain needs to keep up with the news and the ongoing exposure of climate-change as a hoax. He said in a statement that the "Development and deployment of these carbon capture technologies at scale, not only in the United States but also worldwide as well, is essential if we are to meet successfully the challenge of global climate change."

Now you know David, there is no climate change, so you can rest and be at peace as you defend grabbing $154 million in money from the taxpayers of America to battle a non-existent problem.

Crane has been in bed with Congress for some time, having testified before the House and the Senate and having a major influence on legislation. We can see how he has now been handsomely rewarded for his efforts.