NRG Yield (NYLD) Surges To New High With Suburban Propane (SPH), Westlake Chemical (WLK), Halliburton (HAL)

NRG Yield, Inc. (NYLD) reported an agreement with Terra-Gen Power LLC to buy the Alta Wind facility located in Tehachapi, California, for $870 million, plus the assumption of $1.6 billion of non-recourse project financings, subject to customary working capital adjustments. The acquisition totals 947 megawatts of operating wind capacity. It also includes a portfolio of land leases associated with the Alta Wind facility. The contract is likely to be immediately accretive to Cash Available for Distribution per share. The transaction increases the combined wind portfolio owned by NRG Yield and its parent, NRG Energy, to 2,839 MW, making it the fifth-major overall operating portfolio in the North American wind industry. NRG Yield intends to fund the pick up price through a combination of a short time ago issued debt, common equity and cash on hand. NRG Yield, Inc. (NYSE:NYLD), Electric Utilities company, boosted 3.43% in last trading session and ended the day on $52.40. The stock is trading -0.72% below its 52-week high and 102.34% above its 52-week low. NYLD has $3419.10 million market capitalization. The stock recorded a trading volume of 1336800 shares as compared to its average volume of 381.29 million shares. NYLD’s year to date performance is 33.13%. Experts rate it a ‘Hold’ stock.

Suburban Propane Partners, L.P. (SPH) informed Monday that it idea to publicly equip $525 million aggregate principal amount of senior conveys due 2024. Suburban Energy Finance Corp., a wholly-owned direct subsidiary of Suburban, will serve as the co-issuer of the notes. Suburban remarked it proposal to use the net proceeds from the offering, along with cash on hand, to fund a cash tender deliver for any and all of its $496.6 million of outstanding indebtedness under its 7 1/2 % senior observes due 2018, comprising fees and expenses associated with the cash tender offer. Suburban Propane Partners LP (NYSE:SPH), Gas Utilities, is currently trading at $47.64, which fostered 0.53%. The stock is trading 0.53% below its 52-week high and 22.57% above its 52-week low. SPH has 41.76x price to cash flow ratio with 5.20% profit margin. Its beta value stands at 0.54 times. The firm has the market capitalization of $2873.17 million. SPH showed 18.54% quarterly performance. Investment experts consider it a ‘Hold’ stock.

Westlake Chemical Corp. (WLK) declared Wednesday morning that it agreed to pick up Vinnolit Holdings GmbH and its subsidiary companies from Advent International for €490 million. Westlake Chemical gapped open sharply higher Wednesday and posted boosts in early trade, before settling into a range. Shares finished up by 2.25 at $79.14. The stock climbed above a 3-week range and set a new high for the year. Westlake Chemical Corp. (NYSE:WLK), Specialty Chemicals, is currently trading at $83.75, which boosted 1.11%. The stock is trading 0.70% below its 52-week high and 85.43% above its 52-week low. WLK has $11174.76 million market capitalization. The stock recorded a trading volume of 380200 shares as compared to its average volume of 694.68 million shares. WLK’s year to date performance is 37.70%. Analysts rate it a ‘Hold’ stock.

Halliburton Co. (HAL) declared first quarter income from continuing operations of $0.73 per share Monday morning, measured up to a loss from continuing operations of $0.01 per share last year. Analysts expected EPS of $0.71. Halliburton gapped up slightly Monday and fostered sharply during the first half hour of trade, before settling into a range. The price of Halliburton Company (NYSE:HAL), Oil & Gas Equipment & Services company, stock flourished 1.32% to $68.50. The stock is dealing at 0.53% below its 52-week high and 72.51% above its 52-week low. HAL has 27.25x price to cash flow ratio with 9.30% profit margin. Its beta value stands at 1.57 times. The firm has the market capitalization of $57849.62 million. HAL showed 20.92% quarterly performance. Analysts rate it a ‘Buy’ stock.

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Jennifer McKinney, CFA, is an equity analyst for The Downtown Leader. If you have a great story idea for Jennifer McKinney, you can write at [Jennifer.McKinney@downtownleader.com ].

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