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Stock Market & Financial Investment News

News Breaks
July 31, 2014
08:46 EDTNRG, FCELFuelCell announces strategic financing agreement with NRG Energy
FuelCell Energy (FCEL) announced a broadening and deepening of the existing relationship with NRG Energy (NRG) including a $35M investment in FuelCell Energy common stock by NRG Energy and the establishment of a new $40M revolving construction and term loan facility by NRG Energy for FuelCell Energy to use for project development. NRG Energy now owns approximately 17M shares of the company's common stock, or 6%, including 2.4M shares owned prior to this transaction. In addition to the common stock investment, NRG Energy has extended a $40M revolving construction and term financing facility for the purpose of accelerating project development by FuelCell Energy and its subsidiaries. The company's project finance subsidiaries may draw on the facility to finance the construction of projects through the commercial operating date, or COD, of the power plants. The company has the option to continue the financing term for each project after COD for a maximum term of five years per project. The interest rate is 8.5% per annum for construction-period financing and 8% thereafter.
News For FCEL;NRG From The Last 14 Days
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October 1, 2014
10:00 EDTNRGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Allergan (AGN) upgraded to Buy from Hold at Stifel... Angie's List (ANGI) upgraded to Market Perform from Underperform at Northland... DeVry (DV) upgraded to Buy from Hold at Deutsche Bank... Dynegy (DYN) upgraded to Buy from Hold at ISI Group... Exelon (EXC) upgraded to Buy from Hold at ISI Group... Fluor (FLR) upgraded to Buy from Neutral at DA Davidson... Genworth (GNW) upgraded to Outperform from Neutral at Macquarie... Hecla Mining (HL) upgraded to Buy from Hold at BB&T... InvenSense (INVN) upgraded to Strong Buy from Buy at Needham... Janus Capital (JNS) upgraded to Buy from Hold at Jefferies... Masco (MAS) upgraded to Overweight from Neutral at JPMorgan... NRG Energy (NRG) upgraded to Strong Buy from Buy at ISI Group... Orbitz (OWW) upgraded to Outperform from Perform at Oppenheimer... Panera Bread (PNRA) upgraded to Buy from Hold at Wunderlich... Suncor (SU) upgraded to Buy from Neutral at Citigroup... Susquehanna (SUSQ) upgraded to Outperform from Neutral at Boenning & Scattergood... TPG Specialty Lending (TSLX) upgraded to Outperform from Market Perform at Wells Fargo... Tyson Foods (TSN) upgraded to Neutral from Underperform at Credit Suisse.
08:45 EDTFCELFuelCell announces $3.2M contract from U.S. Department of Energy
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08:33 EDTNRGNRG Energy upgraded to Strong Buy from Buy at ISI Group
ISI Group upgraded NRG Energy to Strong Buy based on higher EBITDA forecasts, leverage to long-term capacity pricing, and increased confidence in Gulf Coast natural gas prices. Price target raised to $40 from $34.
September 30, 2014
16:16 EDTNRGDynegy, Exelon, NRG Energy upgraded at ISI Group
ISI Group said capacity market improvements could overcome gas basis concerns for the independent power producers it covers. The firm raised its ratings on Dynegy (DYN) and Exelon (EXC) to Buy, upped its rating on NRG Energy (NRG) to Strong Buy and reiterated its Buy rating on PPL Corp. (PPL). ISI kept a $34 price target on Dynegy, kept a $36 target on PPL Corp., raised its price target Exelon to $39 from $33 and hiked its target NRG to $40 from $34.
16:08 EDTNRGNRG Energy upgraded to Strong Buy from Buy at ISI Group
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September 23, 2014
11:03 EDTNRGNRG Energy management to meet with Wolfe Research
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08:15 EDTNRGNRG Energy resumed with a Buy at Deutsche Bank
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