NRG Energy Files NRG Yield Public Offering Registration; Shares Jump 5%

By Staff,

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NRG Energy, Inc. ( NRG ) announced that its wholly owned subsidiary, NRG Yield, Inc., has filed a registration statement with the Securities and Exchange Commission in anticipation of a proposed initial public offering of the Class A common stock of NRG Yield.

NRG Yield was formed by NRG to own and operate a diversified portfolio of long-term contracted renewable energy, conventional generation facilities and thermal infrastructure assets in the U.S.

Following the offering, NRG is expected to retain a majority voting interest in NRG Yield and a corresponding economic interest in its subsidiaries. The number of shares to be offered and the price range for the offering have not yet been determined.

NRG is up 4.8% to $26.87 in mid-day trade. Shares have a day's range of $26.25 - $27.34, within a 52-week range of $14.69 - $28.67.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: NRG

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