BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of NRG Yield, Inc. (“NRG” or the “Company”) (NYSE: NYLD) concerning the Company and its officers’ possible violations of federal securities laws.
NRG, through its subsidiaries, acquires, owns and operates contracted, renewable and conventional generation and thermal infrastructure assets in the United States.
On June 29, 2015, NRG sold about 28.2 million shares in its Class C Common Stock Offering (the "Offering"), generating $600 million in new capital. On August 4, 2015, the Company announced its Q2 2015 earnings results, revealing that "historically low wind speeds" during the second quarter of 2015 resulted in poor wind production. This production drop off, according to NRG, could have a serious negative impact on the Company's performance for the second quarter of 2015.
On this news, shares of NRG have fallen as much as 33% since the Offering.
If you purchased NRG securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.