Energy Stocks Up On M&A Deal (MIR, RRI, CPN, NRG, DYN, CEG, PPL)

Energy Stocks gapped up after On Sunday, Mirant Corporation (NYSE: MIR) and RRI Energy (NYSE: RRI) announced a stock-for-stock merger agreement which will create GenOn Energy, one of the largest independent power producers in the U.S with a combined market value of $3.1 billion.

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RRI Energy, Inc. (NYSE:RRI)   jumped 17.50% to $4.64 on very high volume and Mirant Corporation (NYSE:MIR) surged 20.32% to $12.91.

Calpine Corporation (NYSE:CPN) also gained 3.54% to $12.57.

NRG Energy, Inc. (NYSE:NRG) climbed 3.81% to $22.63.

Dynegy Inc. (NYSE:DYN)   rose 5% to $1.26.So far this year, the stock is down over 31%.

Constellation Energy Group, Inc. (NYSE:CEG) surged 1.15% to $37.81, close to its 52-week high of $38.

PPL Corporation (NYSE:PPL) gained 1.40% to $28.37.

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