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Rating: RRI
Hold $8

Genon Energy Inc (NYSE: GEN) reiterated to Hold with price target $8 by Deutsche Bank

Friday,  Mar 6, 2015  1:25 PM ET by Lynn Gilbert

Deutsche Bank reiterated Genon Energy Inc (NYSE: GEN) to Hold with price target $8. Previously, Deutsche Bank rated Genon
Energy Inc (NYSE: GEN) to Hold with price target $1.75 on 04/17/2012, when the stock price was valued at $1.99. Since then, Genon Energy Inc's stock price has gained 256% as of 03/06/2015's recent price of $7.09.

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.

Deutsche Bank is one of the largest European fund managers. DWS was founded in 1956 and is an integral part of the Asset Management division of Deutsche Bank. This division is one of the largest global asset managers.

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