NRG Unloads its Renewable Energy Business [The Motley Fool]
NRG Energy, Inc. (NRG)
Last nrg energy, inc. earnings: 11/7 07:06 am
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Source: The Motley Fool
NRG's bet on fossil fuels is going into overdrive. Travis Hoium ( TMFFlushDraw ) Feb 8, 2018 at 9:20AM NRG Energy Inc ( NYSE:NRG ) took a big step toward its vision of a more fossil fuel-powered future this week, agreeing to sell its sponsorship stake in NRG Yield Inc ( NYSE:NYLD ) ( NYSE:NYLD-A ) and its renewable energy pipeline to Global Infrastructure Partners. The deal is part of a plan to sell renewable energy assets to raise cash and reduce debt on the balance sheet . When asset sales are complete, NRG Energy expects to see $2.8 billion of cash proceeds and the removal of $7.0 billion of debt from the consolidated balance sheet. But it'll be a company betting on a fossil fuel business that's facing pressure from all sides and no guarantee of long-term profitability. Image source: Getty Images. Unloading renewable energy
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News
- New Report Shows Massachusetts Customers Could Have Saved Hundreds of Millions in 2024 Through Competitive Energy Supply [Yahoo! Finance]Yahoo! Finance
- Boston Children's Hospital and NRG Energy celebrate $1 million milestone, thanks to the Choose to Give program [Yahoo! Finance]Yahoo! Finance
- NRG Energy, Inc. (NYSE: NRG) had its price target raised by analysts at Morgan Stanley from $51.00 to $63.00. They now have an "equal weight" rating on the stock.MarketBeat
- NRG Announces Changes in Leadership [Yahoo! Finance]Yahoo! Finance
- NRG Announces Changes in LeadershipBusiness Wire
NRG
Earnings
- 11/2/23 - Miss
NRG
Sec Filings
- 3/26/24 - Form 8-K
- 3/18/24 - Form 4
- 3/18/24 - Form 4
- NRG's page on the SEC website