DALLAS, Nov. 10, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring RRI Energy Inc. (NYSE:RRI). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on RRI Energy Inc. (NYSE:RRI) should be of particular interest to comparable energy companies: Calpine Corp. (NYSE:CPN), NRG Energy Inc (NYSE:NRG), Centerpoint Energy Inc. (NYSE:CNP) and PG & E Corp. (NYSE:PCG).
It is available at: http://www.investorsoup.com/lp/RRI
Get our alerts BEFORE the rest of the market. Follow us on Twitter: www.twitter.com/investorsoup
RRI Energy Inc. (RRI), formerly Reliant Energy Inc., provides electricity to wholesale customers in the United States. The Company is an independent power producer, with more than 14,000 megawatts of power generation capacity across the United States. The Company's commercial operations sells electricity, generation capacity and ancillary service products to a variety of power customers, including independent power producers; power grids/ independent system operators (ISOs); investor-owned utilities; municipalities; cooperatives; banks and trading companies, and other companies that serve end users.
Message Board Search for RRI: http://www.boardcentral.com/boards/RRI
In the report, the analyst notes:
"RRI recently posted a loss of 4 cents a share amid steep revenue declines for the third quarter, which the Company attributes to low natural gas prices on reduced power demand. RRI reported open EBITDA of $133 million for the third quarter of 2009, compared to $248 million for the same period of 2008. The decline was primarily due to lower unit margins resulting from lower commodity prices and lower power demand. Adjusted EBITDA was $100 million for the third quarter of 2009, compared to $350 million for the third quarter of 2008.
"RRI in late October announced the expiration and final results of its previously announced cash tender offer to purchase up to $200 million aggregate principal amount of its outstanding 6.75% Senior Secured Notes due 2014 and Pennsylvania Economic Development Financing Authority's outstanding Exempt Facilities Revenue Bonds (Reliant Energy Seward, LLC Project) Series 2001A, 2002A, 2002B, 2003A and 2004A. The Tender Offer expired at 12:00 midnight, New York City time, on October 19, 2009."
To read the entire report visit: http://www.investorsoup.com/lp/RRI
See what investors say about these stocks at: http://www.stockhideout.com/
InvestorSoup.com is a small-cap research and investment commentary provider. InvestorSoup.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on InvestorSoup.com, please visit http://www.InvestorSoup.com
InvestorSoup.com Disclosure
InvestorSoup.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. InvestorSoup.com is a Web site wholly owned by BlueWave Advisors, LLC. Please read our report and visit our Web site, InvestorSoup.com, for complete risks and disclosures.