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0.0012087026591459 0.000402900886382013 -0.00201450443190978 -0.00402900886381941 0.008863819500403 0.00745366639806617 -0.00604351329572919 -0.00644641418211121
Stock impact report

NRG Unloads its Renewable Energy Business [The Motley Fool]

NRG Energy, Inc. (NRG) 
Last nrg energy, inc. earnings: 11/7 07:06 am Check Earnings Report
US:NYSE Investor Relations: investors.nrg.com
Company Research 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 Show less Read more
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