Dynegy Inc. (DYN) reported a fourth quarter net loss from continuing operations of $1.13 per share Thursday morning. The consensus estimate was for a loss of $0.45.
The company also announced that its subsidiary, Illinois Power Holdings, will acquire Ameren's (AEE) subsidiary, Ameren Energy Resources and its subsidiaries Ameren Energy Generating Company, AmerenEnergy Resources Generating Company, and Ameren Energy Marketing Company.
Dynegy gapped open higher Thursday and is now up 1.08 at $21.26 on above average volume. The stock has risen above over a 2-month range and has set over a 5-month high.
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