Spark Energy shares ignite, says exploring alternatives

Via Renewables

09/03/2018 16:28

** Spark Energy  SPKE.O  up >20 pct Fri, on track for its
biggest one-day pct gain since shares started trading on 2014;
this after announcement late Thurs it made 2 acquisitions, hired
an advisor to examine strategic alternatives and reported
results
    ** Retail energy services co last traded at $10.40. Trading
volume >3 x 10-DMA
    ** SPKE says shares don't reflect strong growth in financial
performance in past 3.5 years. Hired Morgan Stanley as advisor
to "examine opportunities to unlock shareholder value"
 urn:newsml:reuters.com:*:nGNX27pfRm
    ** Co says to strategically add customers, pursue
opportunities to streamline business model. Sees immediate
accretion to adj EBITDA from deal to buy small competitor in
Northeast and book of customers from an affiliate of its sponsor
    ** SPKE reported Q4 net income $47.5 mln vs $24.1 mln in
year-ago qtr citing higher retail gross margin and tax
legislation  

 ((sinead.carew@thomsonreuters.com; +1 (646) 223 6186; Reuters
Messaging: sinead.carew.thomsonreuters.com@reuters.net))