NEW YORK, March 17, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Southern Company (NYSE: SO), NRG Energy (NYSE: NRG), NRG Yield (NYSE: NYLD), OGE Energy (NYSE: OGE), and Ormat (NYSE: ORA). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
SO Research Report: ( http://get.analystsreview.com/pdf/?c=Southern%20Company&d=17-Mar-2015&s=SO ),
NRG Research Report: ( http://get.analystsreview.com/pdf/?c=NRG%20Energy&d=17-Mar-2015&s=NRG ),
NYLD Research Report: ( http://get.analystsreview.com/pdf/?c=NRG%20Yield&d=17-Mar-2015&s=NYLD ),
OGE Research Report: ( http://get.analystsreview.com/pdf/?c=OGE%20Energy&d=17-Mar-2015&s=OGE ),
ORA Research Report: ( http://get.analystsreview.com/pdf/?c=Ormat&d=17-Mar-2015&s=ORA ).
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Analyst Update: Acquisitions and Quarterly Results
Reviewed by: Rohit Tuli, CFA®
U.S. stocks closed higher on Monday, rebounding after three consecutive weeks of declines, as dollar weakened and investors looked ahead to the Federal Reserve's policy meeting this week. The Dow Jones Industrial Average advanced 228.11 points, or 1.3%, to 17977.42, the S&P 500 gained 27.79 points, or 1.4%, to 2081.19, and the NASDAQ Composite added 57.75 points, or 1.2%, to settle at 4929.51. The European markets also rallied on Monday on continued expectations that the region's economy will benefit from a weakened euro. The pan-European FTSEurofirst 300 index gained 1%, Germany's DAX was up 2.2%, and France's CAC-40 rose 1%. In Asia, Chinese stocks surged a day after Premier Li Keqiang was quoted by official news agency as saying policymakers have "fairly ample room" and a "host of policy instruments" to boost economic growth if it slows more than expected.
Southern Company's subsidiary Southern Power has acquired two Georgia based photovoltaic (PV) solar projects totaling 99 megawatts (MW) from Tradewind Energy, Inc. Both projects are expected to enter commercial operation in late 2015.
NRG Energy, Inc. (NRG Energy) recorded net income of $134 million or $0.23 per diluted in 2014 versus a net loss of $386 million, or $1.22 per diluted common share in 2013. Adjusted EBITDA for the year stood at $3,128 million versus $2,636 million in 2013. The Company also reaffirmed its guidance for 2015.
NRG Yield Inc. (NRG Yield) recorded adjusted EBITDA of $455 million for 2014 versus $293 million recorded in 2013. Cash Available for Distribution (CAFD) for the year also increased to $147 million from $111 million in 2013. The Company also reaffirmed its guidance for full year 2015.
OGE Energy Corp. (OGE Energy) announced its 2014 financial results with net income of $396 million compared with $388 million in 2013. Total operating revenue stood at $2.5 billion versus $2.9 billion in 2013. The Company also issued its guidance for 2015.
Ormat Technologies's (Ormat) net income for 2014 increased 31.4% YoY to $54.2 million while adjusted EBITDA grew 13.1% YoY to $272.7 million. During the year, the Company posted record revenue of $559.5 million, up 4.9% YoY. Ormat also issued its guidance for 2015.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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