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Genon Energy Inc (GEN) [hlAlert]

Rating:
Neutral GEN
up 56.48 %

Genon Energy Inc (GEN) upgraded to Neutral by Citigroup

Posted on: Tuesday,  Sep 25, 2012  8:25 AM ET by Citigroup

Citigroup rated Neutral Genon Energy Inc (NYSE: GEN) on 09/25/2012. Previously Citigroup rated Sell Genon Energy Inc (NYSE: GEN) on 03/25/2010.,
when the stock price was $4.10. Since then, Genon Energy Inc has lost 36.10% as of 09/25/2012's recent price of $2.62.
If you would have followed the previous Citigroup's recommendation on GEN, you would have gained 56.48% of your investment in 915 days.

RRI Energy, Inc. (RRI), formerly Reliant Energy, Inc., provides electricity to wholesale customers in the United States. The Company is an independent power producer, with more than 14,000 megawatts of power generation capacity across the United States. The Company?s commercial operations sells electricity, generation capacity and ancillary service products to a variety of power customers, including independent power producers; power grids/ independent system operators (ISOs); investor-owned utilities; municipalities; cooperatives; banks and trading companies, and other companies that serve end users. These products are sold in bilateral and ISO hour-ahead and day-ahead markets and forward bilateral markets. In May 2009, Reliant Energy, Inc. completed the sale of its Texas retail business to NRG Energy, Inc. In conjunction with the transaction's close, Reliant Energy, Inc. changed its name to RRI Energy, Inc.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/25/2012 8:25 AM Hold
None
2.62
as of 12/31/2012
1 Week   
1 Month   
3 Months   
1 YTD down  -0.38 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/25/2010 8:25 AM Sell
None
4.10
10/1/2008 8:25 AM Hold
None
7.06

(*) Stock Price at the time of the recommendation.
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