NRG Energy Inc.

Jefferies & Company has upgraded NRG Energy (NYSE: NRG) from Hold to Buy and has raised the price target from $26 to $27 .

Jefferies is reiterating its Buy rating on SunPower Corp. (NASDAQ: SPWRA) based up a loan of up to $1.187B from the U.S. DOE. Says Jefferies, in its report, “The SPWRA/NRG Energy (NRG, Hold, $21.47) 300MW DC California Valley Solar Ranch plant has received up to $1.187B from the US DOE. The loan...

NRG Energy, Inc. (NYSE: NRG) entered a definitive agreement with one of The Blackstone Group, L.P. (NYSE: BX) affiliates to purchase 3,884 MW of Dynergy, Inc. (NYSE: DYN) assets in California and Maine for $1.36B ($351/kW), according to Ladenburg Thalmann. Ladenburg also reports that in a separate...

NRG Energy Inc. (NYSE: NRG) reported on Tuesday that its 4th quarter net income plunged to $33 million, or 11 cents per share, down from $271 million, or 97 cents per share, a year earlier. However, NRG Energy's revenue did rise form $1.7 billion to $2.1 billion. FactSet Research's survey of...