Restaurant Openings, Financial Releases, Completed Projects, Regulatory Updates, and Strategic Acquisitions - Research Reports on El Pollo Loco, SunEdison, Workday, PCG and Akorn
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NEW YORK, September 5, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding El Pollo Loco Holdings, Inc. (NASDAQ: LOCO), SunEdison, Inc. (NYSE: SUNE), Workday, Inc. (NYSE: WDAY), PG&E Corporation (NYSE: PCG) and Akorn, Inc. (NASDAQ: AKRX). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/6238-100free.
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El Pollo Loco Holdings, Inc. Research Reports
On August 26, 2014, El Pollo Loco Holdings, Inc. (El Pollo Loco) reported the grand opening of its eighteenth restaurant in the greater Las Vegas area at 1985 N. Martin Luther King Boulevard. The festivities at the opening included remarks by elected officials, including City of Las Vegas councilman Ricki Y. Barlow, community dignitaries and El Pollo Loco CEO Steve Sather, followed by kitchen tours and a ribbon cutting ceremony. The Company stated that the approximately 2,900 square feet restaurant employs about 50 individuals from the local community, and will feature a vibrant exterior, colorful, comfortable booths and large windows, along with an exhibition kitchen. The full research reports on El Pollo Loco are available to download free of charge at:
http://www.analystsreview.com/Sep-05-2014/LOCO/report.pdf
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SunEdison, Inc. Research Reports
On August 28, 2014, SunEdison, Inc. (SunEdison), along with its affiliate TerraForm Power, Inc. (TerraForm Power), announced the completion and interconnection of a 2.6 megawatt (MW) DC system at the Coalinga State Hospital and a 1.6 MW DC system at the Pleasant Valley State Prison. The Company informed that the systems, which will provide enough electricity annually to power approximately 800 homes, were installed for the California Department of Corrections and Rehabilitation (CDCR) and California Department of State Hospitals. The Company informed that with the completion of these 2 projects, all five of the systems in TerraForm Power's California Public Institutions portfolio are now fully operational. SunEdison added that the two solar plants will be operated and maintained by the SunEdison Renewable Operation Center (ROC). The full research reports on SunEdison are available to download free of charge at:
http://www.analystsreview.com/Sep-05-2014/SUNE/report.pdf
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Workday, Inc. Research Reports
On August 27, 2014, Workday, Inc. (Workday) announced Q2 FY 2015 financial results (period ended July 31, 2014). The Company reported 73.7% YoY jump in total revenue to $186.8 million, beating analysts' expectation of $177.5 million revenues, according to Reuters. Revenue from Subscription services, which accounted for three-quarters of the total revenue, rose 77.1% YoY, while Professional services revenue increased 63.1% YoY. However, net loss for the period widened to $69.2 million or $0.38 per diluted share, from c.$36 million or $0.21 per diluted share in the year ago quarter. Commenting on the future outlook, Mark Peek, CFO, stated, "Looking ahead, we anticipate a strong second half of fiscal 2015 with third quarter revenues expected to be within a range of $200 and $205 million, or growth of 56% to 60% as compared to the prior year. Total revenues for the year are anticipated to be in the range of $760 and $770 million, or growth of 62% to 64%." The full research reports on Workday are available to download free of charge at:
http://www.analystsreview.com/Sep-05-2014/WDAY/report.pdf
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PG&E Corporation Research Reports
On September 2, 2014, PG&E Corporation (PCG) reported that its subsidiary Pacific Gas and Electric Company (PG&E) is seeking a reasonable penalty in relation to the 2010 explosion of a natural gas transmission pipeline in San Bruno, which should consider precedent and the investments made by PG&E to promote safety since the incident took place. While the California Public Utilities Commission (CPUC), which is considering the penalty, has released a recommended penalty totaling approximately $2 billion, PG&E believes that the total shareholder impact could be c.$4.75 billion, including the previous $2.7 billion in estimated costs that shareholders have incurred or are forecast to incur, to improve and enhance the safety of PG&E's natural gas operations. Tony Earley, PCG Chairman, CEO and President, stated "We are accountable and fully accept that a penalty of some kind is appropriate. However, we have respectfully asked that the Commission ensure that the penalty is reasonable and proportionate and takes into consideration the company's investments and actions to promote safety." The full research reports on PCG are available to download free of charge at:
http://www.analystsreview.com/Sep-05-2014/PCG/report.pdf
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Akorn, Inc. Research Reports
On August 12, 2014, Akorn, Inc. (Akorn) announced the completion of its previously announced acquisition of the parent company of VersaPharm Incorporated, VPI Holdings Corp., for $440 million. The Company stated that this acquisition will increase its presence in the highly attractive niche dermatology market and provide a complementary product portfolio to the Hi-Tech acquisition closed earlier in 2014. Akorn added that excluding new pipeline launches, deal amortization and acquisition-related expenses, this deal is expected to add $90 to $100 million in annual revenues and $0.10 to $0.12 in EPS. Commenting on the acquisition, Raj Rai, CEO of Akorn stated, "We are excited to announce that we have completed the acquisition of VersaPharm. This highly strategic acquisition further strengthens our niche portfolio and accelerates our long-term growth opportunities." The full research reports on Akorn are available to download free of charge at:
http://www.analystsreview.com/Sep-05-2014/AKRX/report.pdf
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