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Stock Market & Financial Investment News

News Breaks
June 16, 2014
17:00 EDTNYLDNRG Yield files to sell $565M of Class A common stock
News For NYLD From The Last 14 Days
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June 25, 2015
10:00 EDTNYLDOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AT&T (T) upgraded to Buy from Neutral at BofA/Merrill... Eli Lilly (LLY) upgraded to Buy, added to US 1 List at BofA/Merrill... Finish Line (FINL) upgraded to Buy from Neutral at B. Riley... Gran Tierra (GTE) upgraded to Buy from Hold at Canaccord... Greenhill & Co. (GHL) upgraded to Buy from Sell at Goldman... Magnum Hunter (MHR) upgraded to Equalweight from Underweight at Capital One... Marathon Oil (MRO) upgraded to Buy from Neutral at UBS... Newpark Resources (NR) upgraded to Strong Buy from Outperform at Raymond James... Office Depot (ODP) upgraded to Outperform from Market Perform at Telsey Advisory... Quanex (NX) upgraded to Outperform from In-Line at Imperial Capital... Vestas Wind (VWDRY) upgraded to Outperform from Neutral at Exane BNP Paribas... Web.com (WWWW) upgraded to Buy from Neutral at B. Riley... NRG Yield upgraded to Outperform from Market Perform at Avondale.
09:22 EDTNYLDNRG Yield upgraded to Outperform from Market Perform at Avondale
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08:17 EDTNYLDNRG Yield sell-off overdone, says Morgan Stanley
Morgan Stanley said the 8% sell-off in NRG Yield following the $790M debt and equity issuance is overdone. The firm said the drop is largely technical due to the convertible debt issuance and remains a top-pick in the group with an attractive yield and stable cash flows.
June 24, 2015
06:08 EDTNYLDNRG Yield 24.52M share Secondary priced at $22.00
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June 22, 2015
16:15 EDTNYLDNRG Yield files to sell 24.52M shares of class C common stock
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16:08 EDTNYLDNRG Yield files automatic mixed securities shelf
10:00 EDTNYLDOn The Fly: Analyst Upgrade Summary
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09:15 EDTNYLDNRG Yield upgraded to Buy from Hold at Evercore ISI
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June 18, 2015
08:05 EDTNYLDNRG Yield to acquire GE EFS' 25% interest in Desert Sunlight Solar Farm
NRG Yield, Inc. (NYLD), through its subsidiary NRG Yield Operating LLC, has entered into an agreement with GE Unit (GE) GE Energy Financial Services to acquire its 25% interest in the Desert Sunlight Solar Farm in Riverside, CA for $285M subject to customary working capital adjustments, plus the assumption of $287.4M of non-recourse project level debt. The acquisition, which provides NRG Yield with a total ownership of 137.5 megawatts of operating solar capacity, will place NRG Yield into a partnership with subsidiaries of NextEra Energy (NEE) and Sumitomo Financial (SMFG), who are the 50% and 25% owners of Desert Sunlight, respectively. The transaction is expected to increase both the annual run-rate EBITDA by approximately $45M and cash available for distribution by approximately $22M by 2016. NRG Yield expects to close the transaction by June 30, 2015. The transaction is subject to customary closing conditions, including approvals by the Federal Energy Regulatory Commission and notice of the acquisition to the California Public Utilities Commission. With this acquisition, NRG Yield now owns nearly 600 megawatts of solar generation. NRG Yield is supported by its parent, NRG Energy (NRG), which owns and operates approximately 1.2 gigawatts of solar generation, thus implying a combined solar portfolio of 1.8 gigawatts.

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