Orlando, FL -- (SBWIRE) -- 10/21/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On NRG Energy Inc(NYSE:NRG), First Solar, Inc.(NASDAQ:FSLR).
NRG Energy Inc(NYSE:NRG) shares climbed 4.79% to $29.30. The company on Oct. 18 said it has entered into a plan sponsor agreement with Edison Mission Energy (EME), certain of EME's subsidiaries, the unsecured creditors committee, certain of EME's unsecured noteholders, and the parties to the Powerton and Joliet sale leaseback transaction to acquire substantially all of the assets of EME, including its equity interests in certain of its subsidiaries, for an aggregate purchase price of $2,635 million (or $1,572 million net of $1,063 million retained cash within EME).
The aggregate purchase price, which is subject to certain post-closing adjustments, will consist of approximately 12.7 million shares of NRG common stock (valued at $350 million based upon the volume-weighted average trading price of the 20 trading days prior to October 18, 2013) with the balance to be paid in cash on hand. In connection with the transaction, NRG will also assume non-recourse debt of approximately $1,545 million, of which $273 million is associated with assets designated as Non-Core Assets pursuant to the asset purchase agreement.
Are investors worried about the recent updates with NRG? Find out with a free trend analysis HERE
First Solar, Inc.(NASDAQ:FSLR) shares gained 8.70% to $49.97. The company on Oct. 16 announced it has entered into an agreement to construct a 250 megawatt (MW)AC solar power plant in Riverside County, California, for a subsidiary of NextEra Energy Resources, LLC. The McCoy Solar Energy Project will be located on approximately 2,300 acres of mostly public land provided by the Bureau of Land Management (BLM) approximately 13 miles northwest of Blythe, California. Under the agreement, First Solar will provide Engineering, Procurement and Construction services, using First Solar's cadmium telluride (CdTe) photovoltaic thin-film modules.
Is FSLR going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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