Breaking News

U.K. August Budget Deficit Was 11.6 Billion Pounds, Excluding Public-Sector Banks
Tweet TWEET

The Zacks Analyst Blog Highlights: ConAgra Foods, B&G Foods, Flowers Foods, Ingredion and JA Solar Holdings

 The Zacks Analyst Blog Highlights: ConAgra Foods, B&G Foods, Flowers Foods,
                       Ingredion and JA Solar Holdings

PR Newswire

CHICAGO, Feb. 1, 2013

CHICAGO, Feb. 1, 2013 /PRNewswire/ --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 ConAgra Foods Inc. (NYSE:CAG),
B&G Foods Inc. (NYSE:BGS), Flowers Foods Inc. (NYSE:FLO), Ingredion Inc.
(NYSE:INGR) and JA Solar Holdings Co. Ltd. (Nasdaq:JASO).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

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 Thursday's Analyst Blog:

ConAgra Acquires Ralcorp

ConAgra Foods Inc. (NYSE:CAG), a leading food company, successfully acquired
Ralcorp Holdings Inc., a branded food company for approximately $6.8 billion,
including debt or $90.00 per share in cash.

The acquisition, agreed upon on Nov 26, 2012, received regulatory approvals
and Ralcorp shareholders' sanction and came to a close on Jan 29, 2013. The
acquisition was agreed upon on Nov 26, 2012, for $90.0 per share in cash of
Ralcorp's common shares. The price per share implies a 28.2% premium on
Ralcorp's closing share price on November 26.

Subsequent to the acquisition, ConAgra becomes the market leader in packaged
foods industry with roughly $18.0 billion in sales annually. Ralcorp posted
annual sales of $4.3 billion in fiscal 2012 (ended Sep 2012), compared with
ConAgra's $13.3 billion during its fiscal year 2012 (ended May 2012). The
company's employee strength will increase to over 36,000 workers.

Ralcorp offers a variety of branded foods like cereal, pasta, crackers,
jellies and jams, syrups, frozen waffles, combined with meals, entrées,
condiments, sides, snacks, and desserts. This reinforces management's belief
that the total private label business would be worth around $4.5 billion
annually. The synergistic benefits are likely to be great as ConAgra lacks a
significant presence in the markets where Ralcorp primarily operates.

As previously announced, ConAgra is expected to derive cost synergies of about
$225 million per year from the acquisition. The acquisition is sponsored
through ConAgra's existing cash, credit facilities as well as new borrowings.

Based in North America, ConAgra is a leader in the branded and value-added
foods industry. The stock currently holds a Zacks Rank #2 (Buy). Other stocks
worth a look in the industry are B&G Foods Inc. (NYSE:BGS), Flowers Foods Inc.
(NYSE:FLO) and Ingredion Inc. (NYSE:INGR); each bearing a Zacks Rank #1
(Strong Buy).

JASO Modules for Volkswagen Plant

JA Solar Holdings Co. Ltd. (Nasdaq:JASO) has completed the supply of 9.5
megawatt ("MW") of PV modules for Volkswagen Solar Park, located in the
vicinity of the Volkswagen manufacturing plant at Chattanooga, Tennessee. JA
Solar delivered 33,600 high-performance multi-crystalline silicon PV modules
that are spread across 33 acres of land.

To date, this will be the biggest solar park in the state of Tennessee. Owned
by Silicon Ranch Corp, the solar park is designed and constructed by Phoenix
Solar Inc. On an annual basis, the facility is expected to produce 13.1 GWh of
electricity.

Per a 20-year power purchase agreement, the electricity generated by the solar
park will be sold to Volkswagen. Volkswagen's Chattanooga manufacturing plant
will utilize 100% of the electricity produced. The solar park has a capacity
to meet 12.5% of the electricity needs of the manufacturing plant during its
peak production period and 100% of the needs during non-production periods.

Since 2011, Phoenix and Silicon Ranch have been working together for the
development and implementation of photovoltaic ("PV") plants in southeast US.
In Feb 2012, both had entered into a partnership to build a 200-kilowatt solar
system on the roof of the Second Harvest Food Bank of Middle Tennessee.

The US is one of the fastest growing markets in the global solar industry.
Many a US energy company is showing a keen interest in solar products in order
to meet their renewable energy standards required by the Environmental
Protection Agency.

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

SOURCE Zacks Investment Research, Inc.

Website: http://www.zacks.com
 
Press spacebar to pause and continue. Press esc to stop.