Long Position on NYLD @ $39.30 on 12/18/2013 (Momentum)

NRG Yield (NYLD), through its subsidiaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States. This is a recent IPO. The company went public in August.

The company owns three natural gas or dual-fired facilities, eight utility-scale solar and wind generation facilities, and 2 distributed solar facilities. The company was incorporated in 2012 and is based in Princeton, New Jersey.

Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock.

52-Week Trading Range: $26.50 - $40.16

Entry Point: $39.30

Stop Loss: $37.30

Target Price: $43.23

Updates

1/21/2014 10:02:16 AM

We are existing the NYLD position at $39.40 after it failed to reach our target in 30 days or less.

Position closed on 1/21/2014 at price of $39.40 with a 0.25% gain in 34 days.

Back to Portfolio