HERPOW

Heritage Power

Energy, Utilities


Publicly traded companies mentioned herein: Heritage Power (HERPOW), Talen Energy Corp (TLN)

Highlights

The presenter is long shares of Heritage Power (HERPOW), which filed for bankruptcy in January 2023 after Winter Storm Elliott caused significant hedging losses and a failure to deliver power. Today, its portfolio consists of 16 power plants in the PJM region, mostly consisting of peaker plants (i.e., power plants used to generate electricity during peak demand periods). As capacity prices have skyrocketed in the PJM region, he forecasts that Heritage Power will receive $150MM per year of cash flow from capacity payments, equating to an attractive 30% yield on the current ~$500MM market cap.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.