NRG Yield Class C (NYLD) is Downgraded by Avondale to Mkt Perform

NRG Yield Class C (NYLD) was Downgraded by Avondale to ” Mkt Perform”. Earlier the firm had a rating of “Mkt Outperform ” on the company shares. Avondale advised their investors in a research report released on Aug 10, 2016.

On the company’s financial health, NRG Yield Class C reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.28. The company had revenue of $258.00 million for the quarter, compared to analysts expectations of $272.09 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

NRG Yield Class C closed down -0.31 points or -1.71% at $17.77 with 4,77,373 shares getting traded on Monday. Post opening the session at $18.05, the shares hit an intraday low of $17.73 and an intraday high of $18.33 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Nov 23, 2015, Mauricio Gutierrez (EVP and Chief Operating Ofc) purchased 4,000 shares at $14.43 per share price. According to the SEC, on Aug 7, 2015, Christopher S Sotos (director) purchased 2,000 shares at $16.70 per share price. On Aug 7, 2015, David Russell Hill (EVP and General Counsel) purchased 1,000 shares at $15.58 per share price, according to the Form-4 filing with the securities and exchange commission.

NRG Yield  Class C

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