NRG Yield Inc
Yieldco: A Green Investment Option That Pays
While REITs started trading in 1951 and MLPs started off in 1981, the first yieldco was floated in 2005 by Seaspan Corporation, a shipping company.
Looking at NRG Energy’s Subdued Performance in 4Q16
In its 4Q16 earnings release, NRG Yield (NYLD) declared its agreement to acquire NRG Energy’s Agua Caliente and Utah solar projects, totaling 311 net megawatts, for $130 million.
SunPower: A Dynamic Solar Power Company
According to the DOE, roughly 400,000 households were powered by rooftop solar panels in 2013. That isn’t even 1% of the total households in the US.
Things to Look at Before Investing in a Yieldco
A yieldco should have enough operating projects to diversify risks related to operations, geography, and creditworthiness.
Why NRG Energy Missed 3Q17 Earnings Estimates
Princeton-based NRG Energy (NRG) reported its third quarter financial results on November 2, 2017.
Will NRG Energy Beat Analysts’ 3Q17 Estimates?
Wall Street analysts expect NRG to report earnings of $0.94 per share for the quarter ended on September 30, 2017.
TerraForm Global: SunEdison’s Other Yieldco
SunEdison (SUNEQ) formed TerraForm Global in early 2015 to own and operate renewable energy assets in emerging markets.
What are Analysts Saying about NRG Energy?
NRG Energy has a Wall Street analyst consensus rating of “strong buy.” Eleven surveyed analysts give it a “buy,” four gave it a “hold,” and no analysts gave it a “sell” rating.
How Does NRG Energy Earn Its Revenues?
NRG Energy (NRG) earns revenues in three primary ways across its segments: energy sales, capacity sales, and retail sales.
How NRG Energy Plans to Save $1 Billion in Capital
NRG has canceled the coal-to-gas conversion at its 638 MW Avon Lake plant since the plant is already compliant with the EPA’s Mercury and Air Toxics Standards.
What Fuels NRG Energy’s Generation Operations?
Natural gas fueled 48% of NRG Energy’s (NRG) total power generation capacities as of June 30, 2015.
An Overview of NRG Energy’s Operations
NRG’s Business segment had over 45 gigawatts of power generation assets (coal, oil, natural gas, and nuclear) under operations as of June 30, 2015.
SunPower and First Solar’s Yieldco Prices Its IPO
A yieldco is an investment vehicle formed to own operating assets that generate predictable cash flows. A yieldco doesn’t have to pay corporate level taxes.
Yieldcos: Make Hay While the Sun is Shining
Unlike MLPs, yieldcos aren’t exempt from corporate taxes. Instead, they rely on depreciation and tax credits to minimize tax expenses.
NRG Yield and NextEra Energy Partners Shine on Exchanges
NextEra Energy Partners closed at $32.00 on June 27, 2014, its first day of trading. Its total return is 33%, or 48% annualized, up until March 19, 2015.
Yieldcos With Organic Growth Prospects – Part 1
Right of first offer assets represent growth opportunities. Yieldcos need to keep adding new assets to the portfolio to stay tax efficient and competitive.
Pattern Energy Group: A Wind Energy Yieldco
Pattern Energy Group declared its most recent dividend on March 2. The payout was up by 2% compared to the previous quarter.
Why Corporations Like SunEdison Sponsor Yieldcos
Renewable energy projects are costly affairs. Companies like SunEdison (SUNE) and First Solar (FSLR) expect to unlock substantial value through yieldcos.
The Advantages of Investing in Yieldcos
Some major advantages of investing in yieldcos and other securities are liquidity, smaller minimum investment requirements, and stable cash flows.