Nrg Yield, Inc.
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Code
NYLD
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Address
804 Carnegie Ctr
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Industries
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Competitors
Looking for a current investment opportunity? Try NRG Yield. The company was formed by NRG Energy as an investment vehicle for shareholders to earn quarterly stock dividends. NRG Yield owns a mix of renewable and fossil-fuel powerplants -- seven solar power plants, three natural gas/oil plants, and one wind generation facility. These energy-generation facilities provide power under long-term contracts to customers such as AEP, CL&P, and PG&E. In addition, the company owns eight thermal power systems that provide steam, water, and electricity. The company went public in 2013, raising $431 million. It plans to use some of the proceeds to complete construction on another solar power plant in California.