Is NRG Yield, Inc. Class C (NYLD) a Buy? The Stock Formed Bullish Wedge Up Pattern

September 17, 2017 - By Linda Rogers

The stock of NRG Yield, Inc. Class C (NYLD) formed an up wedge with $19.90 target or 5.00 % above today’s $18.95 share price. The 7 months wedge indicates low risk for the $1.21B company. If the $19.90 price target is reached, the company will be worth $60.50M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 1.07% or $0.2 on September 15, reaching $18.95. About 838,832 shares traded or 70.34% up from the average. NRG Yield, Inc. Class C (NYSE:NYLD) has risen 16.78% since September 17, 2016 and is uptrending. It has outperformed by 0.08% the S&P500.

Wall Street await NRG Yield, Inc. Class C (NYSE:NYLD) to release earnings on November, 3. Analysts forecast EPS of $0.39, up exactly $0.09 or 30.00 % from 2014’s $0.3 EPS. The expected NYLD’s profit could reach $24.90 million giving the stock 12.15 P/E in the case that $0.39 earnings per share is reported. After posting $0.28 EPS for the previous quarter, NRG Yield, Inc. Class C’s analysts now forecast 39.29 % EPS growth.

NRG Yield, Inc. Class C (NYSE:NYLD) Ratings Coverage

Among 9 analysts covering NRG Yield (NYSE:NYLD), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. NRG Yield had 16 analyst reports since August 10, 2015 according to SRatingsIntel. On Monday, September 21 the stock rating was maintained by Deutsche Bank with “Buy”. The stock of NRG Yield, Inc. Class C (NYSE:NYLD) earned “Buy” rating by Barclays Capital on Monday, September 21. The company was maintained on Sunday, September 3 by RBC Capital Markets. The company was maintained on Thursday, August 3 by Oppenheimer. The firm earned “Market Perform” rating on Wednesday, August 10 by Avondale. The firm has “Hold” rating given on Tuesday, July 18 by Deutsche Bank. The rating was upgraded by Avondale to “Outperform” on Tuesday, November 8. The stock of NRG Yield, Inc. Class C (NYSE:NYLD) has “Sector Perform” rating given on Wednesday, October 21 by RBC Capital Markets. As per Wednesday, February 15, the company rating was downgraded by Morgan Stanley. The rating was maintained by RBC Capital Markets with “Hold” on Sunday, July 30.

More recent NRG Yield, Inc. Class C (NYSE:NYLD) news were published by: Benzinga.com which released: “Morgan Stanley Adds NRG Yield To ‘Best Ideas’ List” on May 26, 2015. Also Law360.com published the news titled: “NRG Class Action Filed Over Yieldco Stock Control Maneuver” on September 15, 2016. Marketwatch.com‘s news article titled: “18.95” with publication date: July 18, 2013 was also an interesting one.

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