Vistra is down 20% today. 1B loss for the storm loses . That’s a ton of money. Any idea how all this will affect NRG when reporting earnings?
A
No company will sell forwards contracts for electricity without being hedged. Typically, a power company will buy forward gas for a price, multiply that by the market heat rate and come up with a good price to sell that power before it contracts with retail buyers. NRG certainly did this, without doubt. Only open question is how much hedged were they. Typically they would hedge up to 90% of the projected demand. Don't believe everything in the gloom and doom scenarios people are spewing.
P
Just profit taking and the big ice storm in texas. Ignore the short seller BS.
M
Does anyone have a objective assessment of how bad this weather in Texas is for the operations of NRG? I see the risk to having to pay for energy at inflated prices versus what it was sold at. I would like to hear views on how much they will lose from this dynamic? I can’t imagine it being good.
w
Whats going on this morning ?
C
$NRG off for unhedgable and just bad luck with this catastrophe. I believe the main issue is their STP nuke went out on the 15th. That’s a short at 5 days of $7000 power x 24 hours x 1200 MW. $1billion. Plus the retail exposure doesn’t help. But none of this is certain bc they have yet to release any sort of press release. They need to explain what’s going on
R
buying opportunity
C
I know P/E and EPS dont matter to anyone anymore, but this company has some really strong numbers. I feel like it's very underbought. I just loaded up on some shares this morning, hopefully I'm not just buying hype :0
J
NRG website press release indicates they have weathered this Texas storm !
X
Why this jump today?
C
If Atmos Energy $ATO had to buy back 2.5bil-3.5bil of power when it was pegged at 9k MW/h, I expect $NRG had to have done the same; 33% of the market cap would be the minimum. $NRG is lucky ERCOT saved their #$%$ and killed the grid, and possibly saved them from Chapter 11, but is still not out of the question. Can't wait to hear management squirm on their DELAYED earnings LOL
D
The weather forecast for Houston for the next days. Warmer and warmer.... 39°26° Fri Sunny 45°31° Sat Mostly sunny 57°48° Sun Cloudy 63°41° Mon Sunny 59°39° Tue Sunny 65°52° Wed Mostly cloudy 73°59° Thu Scattered thunderstorms 64°48°
n
To commenters below: have you seen premarket price?
J
NRG press release indicates they are in good position to weather storm!
J
The ERCOT independent market monitor is recommending retroactively capping ancillary service fees at $9,000/mwh. Does anyone have insight into how large this ancillary service market is and who the big players are, long and short?
H
power utilities will become increasingly valuable as more homes move towards electric vehicles. no matter which EV wins, tesla ford xpeng nio lucid rivian etc, the power utilities will gain from it. the best part is they are still fairly valued while most EV companies have skyrocketing price/earnings years ahead of schedule
39°26°
Fri
Sunny
45°31°
Sat
Mostly sunny
57°48°
Sun
Cloudy
63°41°
Mon
Sunny
59°39°
Tue
Sunny
65°52°
Wed
Mostly cloudy
73°59°
Thu
Scattered thunderstorms
64°48°