NRG's Transformation Set to Pick Up Pace in 3Q
We are reaffirming our $16 per share fair value estimate, no-moat and stable moat trend ratings after NRG Energy announced earning $685 million in adjusted EBITDA in the second quarter, about flat from the second quarter of 2016 after excluding GenOn.Results remain on track to meet our 2017 estimates, which are slightly below management's guidance range of $2.6 billion-$2.8 billion of adjusted EBITDA. NRG's conventional generation fleet earnings are running slightly ahead of our 2017 expectatio...
NRG Energy is an energy company. The company produces and sells electricity and related products and services in primary power markets in the United States and Canada. The company sells energy, services, and sustainable products and services directly to retail customers under the names NRG, Reliant, Green Mountain Energy, Stream and XOOM Energy, as well as other brand names owned by the company The company's segments are: Retail, which includes retail energy, portable solar and battery products home services, and a variety of bundled products; and Generation, which includes plant operations, commercial operations, development, engineering and construction, asset management, energy services and other related functions.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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