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NRG Yield up 21 Percent on its First Day of Trading (NYLD)

Shares of NRG Yield, Inc. (NYSE: NYLD) is up 21 percent on its first day of trading. The IPO priced at $22. The stock is a subsidiary of NRG Energy, Inc. (NYSE: NRG).

NRG Yield offered 19.5 million shares and intends to use a portion of the net proceeds of this offering to purchase a portion of the equity interests in NRG Yield LLC, which holds the NRG Yield assets, from NRG Energy, Inc. NRG Yield LLC intends to use a portion of such proceeds for general corporate purposes.

[stock-tools exchange="NYSE" symbol="NYLD" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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