UPDATE: Morgan Stanley Reiterates On NRG Yield Following Acquisition Announcement


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


In a report published Thursday, Morgan Stanley analyst Stephen C. Byrd reiterated an Overweight rating on

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

NRG Yield (NYSE: NYLD), and raised the price target from $52.00 to $60.00.In the report, Morgan Stanley noted, “Today NYLD announced an acquisition of the 947 MW Alta Wind facility in California for $870mil. The acquisition is expected to be funded through a mix of debt, equity and cash on hand. NYLD will also assume $1.6bil of non-recourse project level debt. Management expects the transaction to increase run-rate EBITDA by $220mil and cash available for distribution (CAFD) by $70mil prior to the impact of any new debt financing. The wind assets included in the deal have a contract duration of 21-22 years. NYLD expects the transaction to close in 3Q14.”NRG Yield closed on Wednesday at $49.07.
Posted In: Analyst ColorPrice TargetAnalyst RatingsMorgan StanleyStephen C. Byrd