Barclays Maintains an 'Equalweight' on GenOn Energy (GEN); Still Too Early
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Price: $28.48 -3.69%
Rating Summary:
8 Buy, 8 Hold, 1 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays maintains an 'Equalweight' on GenOn Energy (NYSE: GEN), PT $4.
Barclays analyst says, "GEN's Q1 Adjusted EPS was $0.01 which was ahead of the -$0.08 consensus. GEN's Q1 Adjusted EBITDA was $203M versus $162M last year and a pro forma $189M. GEN cited lower expenses and increased value of the hedges somewhat offset by lower volumes in PJM East and lower capacity revenues in PJM and California."
"The company lowered adjusted EBITDA guidance to $558M for 2011 and $533M for 2012 from $595M/$559M respectively. GEN cited increased hedging and an update to April 12 forward curves. The company also raised the merger synergy guidance $5M to $155M for 2012. The company has achieved annualized reductions of $89M."
For more ratings news on GenOn Energy click here and for the rating history of GenOn Energy click here.
Shares of GenOn Energy closed at $3.63 yesterday.
Barclays analyst says, "GEN's Q1 Adjusted EPS was $0.01 which was ahead of the -$0.08 consensus. GEN's Q1 Adjusted EBITDA was $203M versus $162M last year and a pro forma $189M. GEN cited lower expenses and increased value of the hedges somewhat offset by lower volumes in PJM East and lower capacity revenues in PJM and California."
"The company lowered adjusted EBITDA guidance to $558M for 2011 and $533M for 2012 from $595M/$559M respectively. GEN cited increased hedging and an update to April 12 forward curves. The company also raised the merger synergy guidance $5M to $155M for 2012. The company has achieved annualized reductions of $89M."
For more ratings news on GenOn Energy click here and for the rating history of GenOn Energy click here.
Shares of GenOn Energy closed at $3.63 yesterday.
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