NEW YORK, April 11, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding
Plug Power Inc. (NASDAQ: PLUG), Corning Incorporated (NYSE: GLW),
Acuity Brands, Inc. (NYSE: AYI), TE Connectivity Ltd. (NYSE: TEL),
and Alliance Fiber Optic Products Inc. (NASDAQ: AFOP). Private
wealth members receive these notes ahead of publication. To reserve
complementary membership, limited openings are available at:
http://www.AnalystsReview.com/register
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Plug Power Inc. Analyst Notes
On April 2, 2014, Plug Power Inc.
(Plug Power) announced that it has acquired the assets of ReliOn
Inc. (ReliOn) for approximately $4.0
million in Plug Power common stock. The Company stated that
it expects the acquisition to be accretive to its earnings in 2015.
Plug Power added that including the impact of the acquisition, it
continues to expect full-year 2014 EBITDAS to be positive. "One of
our objectives in 2014 is to expand our fuel cell stack technology
holdings to enhance our customer offerings," said Andy Marsh, President and CEO of Plug Power.
"The addition of this technology from ReliOn is a giant step in
that direction and gives us a very high-performance and
high-reliability stack. We're looking forward to growing this
business with the talented new additions to the Plug Power team."
The full analyst notes on Plug Power Inc. are available to download
free of charge at:
http://www.AnalystsReview.com/04112014/PLUG/report.pdf
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Corning Incorporated Analyst Notes
On March 31, 2014, Corning
Incorporated (Corning) announced a collaboration with Atmel
Corporation (Atmel) to develop ultra-thin capacitive touchscreens
with superior multi-touch performance for next-generation
applications. According to Corning, the collaboration combines
Atmel XSense flexible touch sensors with 0.4mm damage-resistant
Corning Gorilla Glass, and together they deliver outstanding
capacitive touch performance through thinner flat or curved cover
glass. "Our collaboration with Atmel accelerates the move toward
thinner cover glass and enables the use of curved touchscreens for
our customers designing next-generation applications," said
James Nagel, Division Vice President
of Program Development of Corning Gorilla Glass at Corning
Specialty Materials. "The toughness of 0.4mm and curved Gorilla
Glass, coupled with the remarkable touch performance and
flexibility of XSense enables the most exciting consumer experience
in the market today." The full analyst notes on Corning
Incorporated are available to download free of charge at:
http://www.AnalystsReview.com/04112014/GLW/report.pdf
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Acuity Brands, Inc. Analyst Notes
On April 2, 2014, Acuity Brands,
Inc. (Acuity Brands) reported financial results for Q2 FY 2014
(period ended February 28, 2014).
During the quarter, the Company reported net sales of $546.2 million, up 12.2% YoY. Q2 FY 2014 net
income came in at $32.7 million, or
$0.75 per diluted share, compared to
$24.7 million, or $0.57 per diluted share, in Q2 FY 2013. "We were
very pleased with our fiscal 2014 second quarter results as we
continued to execute our strategies to extend our leadership
position in North America. While
we believe inclement winter weather in certain parts of the U.S.
dampened customer orders during the quarter and somewhat impacted
our operations, the year-over-year increase in net sales reflects
continued favorable trends in order rates as well as the continued
adoption of LED lighting solutions, which again more than doubled
over the prior year. Sales of LED-based luminaires now represent 30
percent of our net sales," said Vernon J.
Nagel, Chairman, President, and CEO of Acuity Brands. The
full analyst notes on Acuity Brands, Inc. are available to download
free of charge at:
http://www.AnalystsReview.com/04112014/AYI/report.pdf
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TE Connectivity Ltd. Analyst Notes
On April 2, 2014, TE Connectivity
Ltd. (TE Connectivity) announced that it has signed a definitive
agreement to acquire the SEACON group for $490.0 million in cash. "The acquisition of the
SEACON group expands TE's position as a leader in connectivity
solutions for harsh environments and significantly strengthens our
position in the high-growth oil and gas industry," said
Tom Lynch, Chairman and CEO of TE
Connectivity. "We are excited by the addition of the SEACON group
because it combines their fiber optic capability, TE's cable
product line and the power connector range from our Deutsch
acquisition to create a leading product offering for undersea
applications. We expect to accelerate our growth with this
acquisition in this very attractive sector by leveraging TE's scale
and geographic breadth to support more customers around the world."
The Company stated that it expects to close the acquisition in the
current fiscal year and will further discuss the transaction on its
next earnings call on April 23, 2014.
The full analyst notes on TE Connectivity Ltd. are available to
download free of charge at:
http://www.AnalystsReview.com/04112014/TEL/report.pdf
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Alliance Fiber Optic Products Inc. Analyst
Notes
On April 2, 2014, Alliance Fiber
Optic Products Inc. (AFOP) reported preliminary sales for Q1 2014.
During the quarter, the Company expects to report sales of
approximately $24.8 million, which is
above its previous guidance of $22.5
million issued on February 3,
2014; and represents a growth of 104% YoY. AFOP added that
it intends to discuss the details of Q1 2014 financial results, as
well as its outlook for Q2 2014, in its quarterly conference call
on April 24, 2014 at 1:30 p.m. PT. The full analyst notes on Alliance
Fiber Optic Products Inc. are available to download free of charge
at:
http://www.AnalystsReview.com/04112014/AFOP/report.pdf
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