NEW YORK (TheStreet) -- Dynegy (DYN) shares are climbing, up 2% to $35.06, on Thursday following news that it is bidding on a Duke Energy (DUK) portfolio of 11 Midwestern power plants.
The plants are expected to sell for between $2 billion - $2.5 billion and represents a stark turnaround for Dynegy which emerged from bankruptcy two years ago.
Duke Energy shares are up 1.1% to $71.78.
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TheStreet Ratings team rates DYNEGY INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate DYNEGY INC (DYN) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: