Tag: NRG Energy
NRG quarterly performance points to accelerating integration of smart home services into commercial operations
November 3, 2023Ken Showers, Managing Editor
HOUSTON – During its third fiscal quarter financial results webcast NRG Energy revealed new guidance for 2024 above the initial investor day plan and has been hastening its integration of Vivint's smart home offerings into its commercial operations.
The company reported a third quarter 2023 Net Income of $343 million. Adjusted EBITDA for the third quarter was $973 million, Cash Provided by Operating Activities was $566 million, and Free Cash Flow Before Growth Investments...
Trick or treatise
November 1, 2023Ken Showers, Managing Editor
As promised, I’m going to talk up a particular subject for this week’s Monitoring Matters, and we’re going to discuss lawsuits!
While I write this the witching hour has come to pass and Halloween has run its course for the year, although probably not all the sugar in some of your bloodstreams (shame on you, that was your child’s candy). October went out with a bang however, with a couple of really big announcements for the security industry over the course of the month....
N too deep
June 21, 2023Ken Showers, Managing Editor
I’m not surprised we’re back here talking about Vivint again, if anything I think I’m feeling a bit justified with my earlier assessment of the situation, at least where optics are concerned.
I talked about it a bit in a previous blog post. To say I was uncharitable would gild the lily, so I'll just say I was honest about my views of the potential sale. Truthfully, I thought the deal wasn’t going to happen at all considering the various lawsuits and implied liability...
Vivint expands into smart lighting as NRG squares off against activist investor
June 19, 2023SSN Staff
HOUSTON – Smart home company Vivint has branched out into a new residential product category this month as its parent company faces opposition from investors.
Vivint Smart Lighting is a solution the company said is designed to make homes, "Safer, smarter, and more sustainable.” The company said the products allow users to place switches anywhere without requiring electrical work while expanding the smart capability of a home. It marks one of the first major announcements...
Earnestly Speaking
April 26, 2023Ken Showers, Managing Editor
The day of this blog marks the start of several weeks’ worth of Q1 quarterly earnings calls, and it’s my greatest hope that someone will have something exciting to say.
Make no mistake, from what I’ve seen of the industry these past few months it sounds like business is booming and a lot of companies are going to post some impressive first quarter numbers, but that’s boring. “Everybody made money” is a good story, but its not a very interesting story.
So...