Acquisition Agreement, Expansion, Quarterly Performance Reviews, and Notes Redemption - Research Reports on Pike, Gap, PG&E, Northeast Utilities and NRG Energy

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Aug 07, 2014, 09:20 ET from Analysts Review

NEW YORK, August 7, 2014 /PRNewswire/ --

Today, Analysts Review released its research reports regarding Pike Corporation (NYSE: PIKE), The Gap, Inc. (NYSE: GPS), PG&E Corporation (NYSE: PCG), Northeast Utilities (NYSE: NU) and NRG Energy, Inc. (NYSE: NRG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at:

Pike Corporation Research Reports

On August 4, 2014, Pike Corporation (Pike) announced that it has signed a definitive merger agreement under which it will be acquired by investment firm Court Square Capital Partners in partnership with J. Eric Pike, the Company's Chairman and CEO. Under the merger agreement, each of the Pike's shareholders will receive $12.00 in cash for each share of the Company's common stock they hold, representing a premium of approximately 50.8% over the Company's closing price on August 1, 2014. The transaction is expected to be completed in Q2 FY 2015. The agreement also provides for a 30-day "go-shop" period, during which the Special Committee can enter into negotiations with parties that offer alternative proposals to acquire the Company. J. Eric Pike will continue to lead the Company as Chairman and CEO. On the day of the announcement, the shares of Pike rallied 48.62% to close at $11.83. The full research reports on Pike are available to download free of charge at:

The Gap, Inc. Research Reports

On July 21, 2014, The Gap, Inc. (Gap) announced that it will introduce the Gap brand to Slovenia and Austria through agreements with new and existing franchise partners, in line with its global growth plans. Gap informed that its new partner, Magistrat International, will launch the brand in Slovenia, while Gottex, which currently manages the Gap franchise business in Israel and Hungary, will launch Austria. "We are thrilled to be opening in Slovenia and Austria and can't wait to meet customers when we open our doors for the first time in each capital city. One of the best things about opening in a new country is the incredible welcome that Gap receives and the buzz that generates for our teams and our customers alike," said Ismail Seyis, Vice President of Gap Franchise. The full research reports on Gap are available to download free of charge at:

PG&E Corporation Research Reports

On July 31, 2014, PG&E Corporation (PG&E) announced its Q2 2014 financial results. The Company's Q2 2014 non-GAAP earnings from operations were $324 million, or $0.69 per diluted share, down from $348 million, or $0.79 per diluted share, in Q2 2013, due to negative impacts of a delay in cost recovery associated with the 2014 General Rate Case and an increase in the number of shares outstanding. Analysts at Zacks Investment Research expected the Company's adjusted earnings at $0.75 per share. The GAAP net income of the Company declined to $0.57 per diluted share from $0.74 per diluted share in Q2 2013. The Company informed that GAAP results included a $0.12 per share charge related to natural gas matters. PG&E's total operating revenues in Q2 2014 increased 4.7% YoY to $3.95 billion, beating the Zacks Consensus Estimate of $3.94 billion. The full research reports on PG&E are available to download free of charge at:

Northeast Utilities Research Reports

On July 31, 2014, Northeast Utilities (NU) announced its Q2 2014 financial results with a 2.6% YoY increase in operating revenues to $1.7 billion. The Company reported Q2 2014 net income of $127.4 million or $0.40 per share, compared to $171.0 million or $0.54 per share in the year-ago period. NU's Q2 2014 results include an after-tax charge of $32.1 million, or $0.10 per share, related to Federal Energy Regulatory Commission (FERC) orders issued in June 2014 concerning the authorized return on equity for the owners of New England's electric transmission system. Excluding certain integration costs, the Company earned $0.42 per share in Q2 2014, down from $0.55 per share earned in Q2 2013. Analysts polled by Reuters expected the Company's adjusted earnings at $0.50 per share on revenues of $1.5 billion. NU also narrowed its full-year 2014 earnings guidance to between $2.60 per share and $2.70 per share, including the $0.10 per share transmission reserve. The full research reports on Northeast Utilities are available to download free of charge at:

NRG Energy, Inc. Research Reports

On August 4, 2014, NRG Energy, Inc. (NRG Energy) announced that it has issued the required notice under the governing indenture for the redemption of its remaining 8.50% Senior Notes due 2019 (the 2019 Notes) for cash on September 3, 2014 (the Redemption Date), at 104.25% of the principal amount of the Notes, plus accrued and unpaid interest to the Redemption Date. The full research reports on NRG Energy are available to download free of charge at:

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