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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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January 29, 2016
10:05 EDTNRGOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: American Equity (AEL) initiated with an Outperform at RBC Capital... Calpine (CPN) initiated with a Buy at Guggenheim... Diamondback Energy (FANG) initiated with an Outperform at BMO Capital... Dynegy (DYN) initiated with a Neutral at Guggenheim... ICF International (ICFI) initiated with a Market Perform at Barrington... Juno Therapeutics (JUNO) initiated with a Buy at SunTrust... Kite Pharma (KITE) initiated with a Buy at SunTrust... Match Group (MTCH) initiated with a Neutral at Susquehanna... Medifast (MED) initiated with a Hold at Wunderlich... NRG Energy (NRG) initiated with a Buy at Guggenheim... NRG Yield (NYLD) initiated with a Neutral at Guggenheim... Nutrisystem (NTRI) initiated with a Buy at Wunderlich... Parsley Energy (PE) initiated with an Outperform at BMO Capital... Precision Drilling (PDS) initiated with a Hold at Canaccord... RSP Permian (RSPP) initiated with an Outperform at BMO Capital... Taylor Morrison (TMHC) initiated with a Neutral at Citi... Tortoise North American Energy (TYN) initiated with a Neutral at Guggenheim... WisdomTree (WETF) initiated with a Neutral at Northcoast.
January 28, 2016
17:07 EDTNRGNRG Energy initiated with a Buy at Guggenheim
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