India, May 12 -- NRG Energy, Inc. (NRG) reported Monday higher profit and revenues in its first quarter, and maintained fiscal 2025 outlook.
Separately, NRG said it has entered into a definitive agreement with LS Power Equity Advisors, LLC to acquire a power portfolio in a cash and stock transaction valued at around $12.0 billion Enterprise Value.
In pre-market activity on the NYSE, the NRG shares were gaining around 8.9 percent to trade at $130.00.
The planned power portfolio acquisition includes 13 GW of premier natural gas-fired generation facilities and a commercial and industrial virtual power plant or C&I VPP business with 6 GW of capacity.
The company said the transaction has a purchase price consisting of 24.25 million shares of...