A lawsuit was filed by an investor in NRG Yield, Inc. Class A (NYSE:NYLD.A) shares over alleged securities laws violations and NYSE:NYLD.A stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/26/2016 -- An investor in shares of NRG Yield, Inc. filed a lawsuit behalf of purchasers of NRG Yield, Inc. Class C common stock (NYSE:NYLD) pursuant to and/or traceable to NRG Yield's June 29, 2015 offering of its Class C common stock.
Investors who purchased shares of NRG Yield, Inc. Class A (NYSE:NYLD.A) and currently hold any of those NYSE:NYLD.A shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The plaintiff alleges that certain documents filed in connection with the June 29, 2015 offering contained allegedly materially false and misleading statements and/or allegedly failed to material facts and trends concerning historically low wind speeds during the second quarter of 2015 and that such poor wind production would have a significant adverse impact on NRG Yield, Inc's performance and results for the second quarter of 2015 and when the true details entered the market, shares of NRG Yield, Inc. Class A (NYSE:NYLD.A) fell to $14.65.
NRG Yield, Inc reported that its annual Total Revenue increased from $387 million in 2013 to $869 million in 2015 while its Net Income declined from $81 million to $13 million.
Shares of NRG Yield, Inc. Class A (NYSE:NYLD.A) declined from $26.50 per share in May 2015 to as low as $9.83 per share on February 12, 2016.
On April 22, 2016, NYSE:NYLD.A shares closed at $15.19 per share
Those who purchased shares of NRG Yield, Inc. Class A have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com