On Thursday, Shares of NRG Energy Inc (NYSE:NRG), SUBTRACT -7.98% and closed at $11.07 in the last trading session. The last trading range of the stock ranges between $11.06 and $12.10. NRG Yield, Inc. (NYSE: NYLD, NYLD.A) recently stated third quarter 2016 financial results counting Net Income of $47 million, Adjusted EBITDA of $246 million, Cash from Operating Activities of $224 million, and Cash Available for Distribution (CAFD) of $140 million.
“NRG Yield’s diversified contracted generation portfolio performed exceptionally well during the third quarter mostly as a result of strong wind conditions across the renewable segment,” said Christopher Sotos, NRG Yield’s President and Chief Executive Officer. “We continue to take advantage of favorable market conditions and make progress on our planned programs with the October issuance of additional non-recourse financing at our Thermal platform. NRG Yield now has over $200 million of right away available growth capital, which when invested will create additional Cash Available for Distribution that has not been factored into our 2017 Financial Guidance. Further, when augmented by excess corporate cash expected to be generated through 2017, the unutilized ATM, and the undrawn revolver, NRG Yield is well positioned for longer term growth.”
Conagra Brands Inc (NYSE:CAG), DROPPED -28.32% and closed at $34.30 in the last trading session. The last trading range of the stock ranges between $33.73 and $37.37. The company’s Market capitalization is $14.76 Billion with the total Outstanding Shares of 437.77 Million. Conagra Brands, Inc. (CAG), formerly known as ConAgra Foods, Inc., has accomplished the formerly declared separation of its Lamb Weston business. The company’s name change has also become effective.
“This marks an exciting new chapter for Conagra. We are now a pure-play company with a renewed focus on capturing growth and driving shareholder value,” said Sean Connolly, president and chief executive officer of Conagra Brands. “This has been a time of tremendous change and I want to thank all of our employees for their efforts and determination during this transformation.”