UBS Maintains a 'Sell' on GenOn Energy (GEN); Cautious Stance as Challenges Remain
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Price: $2.87 --0%
Rating Summary:
6 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
6 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade GEN Now!
UBS maintains a 'Sell' on GenOn Energy (NYSE: GEN) price target lowered from $2.00 to $1.50.
Analyst, Julien Dumoulin-Smith, said, "Tweaking EBITDA estimates, as we continue to project declining EBITDA through ’16, troughing at ~$400 Mn (applying ~$150/MW-d for the ’15/’16 PJM auction). We increasingly see a bid as a less likely scenario...We believe shares could underperform in the near term ahead of the MD PSC’s formal release if its finalized list of units selected under its 1.5 GW RFP."
FY12 EPS loss lowered from (0.39) to (0.43), FY13 raised from (0.23) to (0.06).
For an analyst ratings summary and ratings history on GenOn Energy click here. For more ratings news on GenOn Energy click here.
Shares of GenOn Energy closed at $2.11 yesterday, with a 52 week range of $2.03-$4.14.
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Analyst, Julien Dumoulin-Smith, said, "Tweaking EBITDA estimates, as we continue to project declining EBITDA through ’16, troughing at ~$400 Mn (applying ~$150/MW-d for the ’15/’16 PJM auction). We increasingly see a bid as a less likely scenario...We believe shares could underperform in the near term ahead of the MD PSC’s formal release if its finalized list of units selected under its 1.5 GW RFP."
FY12 EPS loss lowered from (0.39) to (0.43), FY13 raised from (0.23) to (0.06).
For an analyst ratings summary and ratings history on GenOn Energy click here. For more ratings news on GenOn Energy click here.
Shares of GenOn Energy closed at $2.11 yesterday, with a 52 week range of $2.03-$4.14.
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