Why NRG Energy Stock Got Socked on Thursday
The shares of NRG Energy (NYSE: NRG) were notable for their lack of juice on Thursday. The stock's price fell by 1.6%, as investors digested news of a fresh capital-raising effort that will add billions of dollars in debt to its balance sheet. The stock's decline was more precipitous than that of the S&P 500 index on the day, as the bellwether equity indicator slumped by 0.5%. The stock was up 3% on Friday around 2:20 p.m. ET.
NRG said it was aiming to secure gross proceeds of $4.9 billion through the issuance of two types of debt.
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Source Fool.com
