For Immediate Release
Chicago, IL – June 25, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Campbell Soup Company (
CPB
- Analyst Report
)
, SunPower Corporation (
SPWR
- Analyst Report
)
, Wells Fargo & Company (
WFC
- Analyst Report
)
, General Mills Inc. (
GIS
- Analyst Report
)
and H.J. Heinz Company (
HNZ
- Analyst Report
)
.
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Friday’s Analyst Blog:
Campbell Soup Completes Solar Project
In a move to enhance corporate social responsibilities (CSR) and minimize operating costs, Campbell Soup Company (
CPB
- Analyst Report
)
has completed work on a 9.8-megawatt solar power system at its Napoleon, Ohio manufacturing facility.
The successful completion of the project was achieved due to the combined effort of Campbell, BNB Renewable Energy Holdings, Enfinity America Corporation, FirstEnergy Solutions and SunPower Corporation (
SPWR
- Analyst Report
)
.
To develop the project, Campbell entered into a power purchase agreement (PPA) with BNB in 2009, under which the former will buy 100% of the power generated in the facility. Later, FirstEnergy entered into a deal with BNB to purchase all the energy credits and environmental benefits generated from the project. Enfinity arranged funds (term financing) for the project from Wells Fargo & Company (
WFC
- Analyst Report
)
.
Further, BNB contracted with SunPower to engineer, procure and construct the project. The Sun Power Oasis system, which is designed and set up by SunPower, captures a total area of 60 acres. SunPower uses To Tracker technology, which has the capacity to generate highest energy per acre while minimizing power cost over the next 20 years or more. The Tracker technology captures 25% more sunlight than conventional fixed-tilt systems as it follows the sun’s movement throughout the day.
Currently, the new solar power system is capable of fulfilling 15% of the facility’s power requirement. By 2020, the company aims to source 40% of energy requirements from renewable or alternative sources while reducing energy consumption by 35% per ton of product produced. Since its commencement, the project has generated almost 200 jobs.
We believe the world’s largest soup maker company will be able to make a positive impression in the markets, where it operates through its corporate social responsibility program.
Prior to this, Campbell acquired a four acre property in the City of Camden from Camden Gateway Properties, I, LLC. The move was a step toward the company’s commitment to the State of New Jersey and the County and City of Camden to redevelop a Gateway Office Park in the city. We believe the acquisition will drive future development while creating new job opportunities within the city.
Our Recommendation
Campbell Soup is one of the world's leading manufacturers of convenience food products. Furthermore, a strong portfolio of well-established brands, including Campbell’s, Erasco, Liebig, Pepperidge Farm, V8, Pace, Prego, Swanson, and Arnott’s offer a competitive edge to the company and strengths its well-established position in the market.
Moreover, we believe that Campbell’s prudent investment and strategic initiatives toward product innovation and brand building will lead to an increase in its customer base and profitability. Moreover, the company’s continuous focus on research and development to further differentiate its higher-margin sauce brands will strengthen its position in international markets.
However, rising commodity costs, intense competition from other established players and exposure to unfavorable foreign currency fluctuations may undermine the company’s growth prospects.
Campbell, which currently competes with General Mills Inc. (
GIS
- Analyst Report
)
and H.J. Heinz Company (
HNZ
- Analyst Report
)
, has a Zacks #3 Rank, implying a short-term Hold rating on the stock. Moreover, we have a long-term Neutral recommendation on the stock.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
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For Immediate Release
Chicago, IL – June 25, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Campbell Soup Company ( CPB - Analyst Report ) , SunPower Corporation ( SPWR - Analyst Report ) , Wells Fargo & Company ( WFC - Analyst Report ) , General Mills Inc. ( GIS - Analyst Report ) and H.J. Heinz Company ( HNZ - Analyst Report ) .
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Friday’s Analyst Blog:
Campbell Soup Completes Solar Project
In a move to enhance corporate social responsibilities (CSR) and minimize operating costs, Campbell Soup Company ( CPB - Analyst Report ) has completed work on a 9.8-megawatt solar power system at its Napoleon, Ohio manufacturing facility.
The successful completion of the project was achieved due to the combined effort of Campbell, BNB Renewable Energy Holdings, Enfinity America Corporation, FirstEnergy Solutions and SunPower Corporation ( SPWR - Analyst Report ) .
To develop the project, Campbell entered into a power purchase agreement (PPA) with BNB in 2009, under which the former will buy 100% of the power generated in the facility. Later, FirstEnergy entered into a deal with BNB to purchase all the energy credits and environmental benefits generated from the project. Enfinity arranged funds (term financing) for the project from Wells Fargo & Company ( WFC - Analyst Report ) .
Further, BNB contracted with SunPower to engineer, procure and construct the project. The Sun Power Oasis system, which is designed and set up by SunPower, captures a total area of 60 acres. SunPower uses To Tracker technology, which has the capacity to generate highest energy per acre while minimizing power cost over the next 20 years or more. The Tracker technology captures 25% more sunlight than conventional fixed-tilt systems as it follows the sun’s movement throughout the day.
Currently, the new solar power system is capable of fulfilling 15% of the facility’s power requirement. By 2020, the company aims to source 40% of energy requirements from renewable or alternative sources while reducing energy consumption by 35% per ton of product produced. Since its commencement, the project has generated almost 200 jobs.
We believe the world’s largest soup maker company will be able to make a positive impression in the markets, where it operates through its corporate social responsibility program.
Prior to this, Campbell acquired a four acre property in the City of Camden from Camden Gateway Properties, I, LLC. The move was a step toward the company’s commitment to the State of New Jersey and the County and City of Camden to redevelop a Gateway Office Park in the city. We believe the acquisition will drive future development while creating new job opportunities within the city.
Our Recommendation
Campbell Soup is one of the world's leading manufacturers of convenience food products. Furthermore, a strong portfolio of well-established brands, including Campbell’s, Erasco, Liebig, Pepperidge Farm, V8, Pace, Prego, Swanson, and Arnott’s offer a competitive edge to the company and strengths its well-established position in the market.
Moreover, we believe that Campbell’s prudent investment and strategic initiatives toward product innovation and brand building will lead to an increase in its customer base and profitability. Moreover, the company’s continuous focus on research and development to further differentiate its higher-margin sauce brands will strengthen its position in international markets.
However, rising commodity costs, intense competition from other established players and exposure to unfavorable foreign currency fluctuations may undermine the company’s growth prospects.
Campbell, which currently competes with General Mills Inc. ( GIS - Analyst Report ) and H.J. Heinz Company ( HNZ - Analyst Report ) , has a Zacks #3 Rank, implying a short-term Hold rating on the stock. Moreover, we have a long-term Neutral recommendation on the stock.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com
Read the full reports :
Analyst Report on CPB
Analyst Report on SPWR
Analyst Report on WFC
Analyst Report on GIS
Analyst Report on HNZ