Financial Results, Dividends, New Product Launches, and Approval for Amendments - Research Report on JinkoSolar, A.O. Smith, Regal Beloit, EnerSys, and General Cable
NEW YORK, November 21, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting JinkoSolar Holding Co., Ltd. (NYSE: JKS), A.O. Smith Corporation (NYSE: AOS), Regal Beloit Corporation (NYSE: RBC), EnerSys (NYSE: ENS), and General Cable Corporation (NYSE: BGC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
JinkoSolar Holding Co., Ltd. Research Report
On November 18, 2013, JinkoSolar Holding Co., Ltd. (JinkoSolar) reported its Q3 2013 financial results with total revenues of c.RMB2.0 billion, up 47.6% YoY. The Company achieved total solar product shipments of 518.9 MW in Q3 2013, up 54.8% YoY. Q3 2013 net income attributable to the Company's ordinary shareholders was RMB103.5, or RMB4.40 per diluted American Depository Share (ADS), compared to net loss attributable to the Company's ordinary shareholders of RMB114.5 million, or RMB5.16 diluted loss per ADS, in Q3 2012. Commenting on the results, Kangping Chen, CEO of JinkoSolar said, "I am very proud to report JinkoSolar's second consecutive quarter of profitability following robust quarter-over-quarter growth in revenue, module shipments, and gross margins. We have picked up considerable momentum from the strategic investments we made during the downturn. During that time, we successfully penetrated new markets, broadened our geographic reach, and expanded our downstream business, which has already resulted in net profitability for the entire year, a goal we initially set for ourselves to complete by the end of 2013." The Full Research Report on JinkoSolar Holding Co., Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/4c2b_JKS
A.O. Smith Corporation Research Report
On November 14, 2013, A.O. Smith Corporation (A.O. Smith) announced the launch of its new hybrid electric water heater, the Voltex 50-Gallon Heat Pump, as an extension of the existing Voltex line. The Company informed that the product is ENERGY STAR qualified, and can help homeowners save an average of $350 per year compared with standard electric models. A.O. Smith stated that Voltex is truly user friendly, with an easy to use electronic interface, multiple operating modes to meet homeowner needs and quiet operation. David Chisolm, Marketing Director of A.O. Smith said, "A.O. Smith prides itself on being the leader in the industry,", "and we strive to provide the best technology on the market. Conserving energy and saving money is important to our customers, which makes the 50-gallon Voltex Heat Pump Water Heater a great choice for residential application." The Full Research Report on A.O. Smith Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/c480_AOS
Regal Beloit Corporation Research Report
On November 4, 2013, Regal Beloit Corporation's (Regal Beloit) Chairman and CEO Mark J. Gliebe announced that its Board of Directors has declared a dividend of $0.20 per share. The Company stated that the dividend is payable on January 17, 2014, to shareholders of record at the close of business on December 27, 2013. Regal Beloit informed that the announced dividend represents the 214th consecutive dividend declared by the Company. The Full Research Report on Regal Beloit Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/d050_RBC
EnerSys Research Report
On November 6, 2013, EnerSys reported its Q2 FY 2014 (period ended September 29, 2013) financial results. During the quarter, the Company's net sales totaled $568.8 million, up 2.6% YoY. Q2 FY 2014 net earnings were $41.4 million, or $0.84 per diluted share, compared to $43.8 million, or $0.90 per diluted share, in Q2 FY 2013. Non-GAAP adjusted net earnings per share stood at $0.87 versus $0.92 in Q2 FY 2013. John D. Craig, Chairman, President, and CEO of EnerSys said, "Due to summer vacations, our second quarter is traditionally our weakest. I am pleased with our second quarter adjusted operating earnings of 11.1% and our adjusted earnings of $0.87 per diluted share which exceeded both our guidance and the results of our previous quarter. As we stated in our last quarterly call, we believed our second half of fiscal 2014 will exceed the results of our first half. With our guidance for non-GAAP adjusted net earnings per share of between $1.00 to $1.04 for the third quarter, we continue to believe this." The Full Research Report on EnerSys - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/9458_ENS
General Cable Corporation Research Report
On November 11, 2013, General Cable Corporation (General Cable) announced that it has received the requisite consents regarding its previously announced consent solicitation related to certain proposed amendments and related waivers to the indentures governing the Company's Senior Floating Rate Notes due 2015 and 5.75% Senior Notes due 2022. General Cable informed that the solicitation expired at 5:00 pm New York City time on November 8, 2013 and as of the expiration date, the Company had received the requisite number of consents required to approve the amendments and waivers. Accordingly, General Cable stated that the Company and its U.S. subsidiaries that serve as guarantors, and U.S. Bank National Association, as trustee, have executed supplemental indentures implementing the Amendments with respect to the Notes. The Full Research Report on General Cable Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/53c9_BGC
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