Boston, MA 04/01/2014 (wallstreetpr) – NRG Energy Inc (NYSE:NRG) has announced the acquisition of a residential solar company. The company announced in a statement that it inked a deal with the New Jersey-based Roof Diagnostics Solar (RDS), in a move aimed at complementing its network of solar installers. Thus, NRG hopes that it will be able to effectively meet the demand of its customers for the solar installation in their homes so that they can enjoy clean, cheap and mostly reliable power. According to the NRG CEO David Crane, the acquisition will enable the company to benefit immensely from the expected robust growth in the residential solar business expected in the next few years. RDS which now joins the portfolio ranks of NRG Energy Inc (NYSE:NRG) operates in New York, Pennsylvania, New Jersey, Connecticut and Massachusetts. Following the acquisition deal, RDS which is based in New Jersey will maintain its base but take on a new brand name as NRG Residential Solar Solutions.
Alliant Energy Corporation (NYSE:LNT) has reached an agreement with its power consumers to maintain freeze on electricity rates. Thus customers of its subsidiary Interstate Power and Light will enjoy current rates through 2016. The fresh three-year agreement was filed early last week with the Iowa Utilities Board and will be effective once the board approves it. In a nutshell, the latest agreement extends the freeze in electric rates that have existed since 2011. The agreement came about as a collective effort by Iowa Consumer Coalition, Alliant Energy, Large Energy Group and Office of Consumer Advocate. Alliant Energy Corporation (NYSE:LNT) will have invested $750 million in the electric system in Iowa between 2011 and 2014. Shares of LNT which jumped more than 1.6 percent amid heavy volume Monday, had their price target upped to $59 from $57 at Ladenburg Thalmann.
Western Gas Equity Partners LP (NYSE:WGP) had its target price upped by analysts at Citigroup Inc (NYSE:C) to $74 from $71. So far the stock carries consensus buy rating and average price target of $52.53 following comments from eight rating firms. Shares of the company closed up more than 1.6 percent to $49.85 in the previous session.