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Rating: RRI
Neutral

Genon Energy Inc (NYSE: GEN) upgraded to Neutral by Citigroup

Tuesday,  Sep 25, 2012  8:25 AM ET by Betsy O'Brien Harrison

Citigroup upgraded Genon Energy Inc (NYSE: GEN) to Neutral. Previously
Citigroup upgraded to Genon Energy Inc (NYSE: GEN) to Sell on 03/25/2010, when the stock price was $4.10.

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.



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