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Thursday 22 October 2015
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Notable Stock’s News Analysis Report - Bill Barrett Corporation (NYSE:BBG), Sonic Corporation (NASDAQ:SONC), Plug Power Inc (NASDAQ:PLUG)

On Wednesday, Shares of Bill Barrett Corporation (NYSE:BBG), lost -6.51% to $4.88.

Bill Barrett Corporation, declared that its third quarter 2015 financial and operating results press release will be issued after market close on Thursday, November 5, 2015. The Company will host a conference call to discuss the press release on Friday, November 6, 2015, at 10:00 a.m. EDT (8:00 a.m. MDT).

Bill Barrett Corporation, an independent energy company, acquires, explores for, and develops oil and natural gas resources in the United States. It primarily holds interests in the Denver-Julesburg basin, the Uinta oil program in the Uinta Basin, and the Gibson Gulch area in the Piceance basin in the Rocky Mountain region of the United States.

Shares of Sonic Corporation (NASDAQ:SONC), declined -2.86% to $27.87, during its last trading session.

Sonic Corp., declared results for its fourth fiscal quarter and year ended August 31, 2015.

Key highlights of the company’s fiscal year 2015 comprised:

  • Net income per diluted share was $1.20 contrast with net income per diluted share of $0.85 in fiscal 2014; not taking into account certain adjustments outlined below, net income per diluted share raised 31% to $1.10 contrast with $0.84 in fiscal 2014;
  • System same-store sales raised 7.3%, compriseing of a 7.3% same-store sales improvement at franchise drive-ins and an improvement of 6.9% at company drive-ins;
  • Company drive-in margins improved by 90 basis points;
  • 41 new drive-ins were opened, and 30 drive-ins were rebuilt; and
  • The company repurchased $124 million in stock representing 7.4% of the company’s outstanding shares as of the startning of the fiscal year.

“By every measure fiscal 2015 was a great year for our customers and franchisees. We accomplished our fifth successive fiscal year of positive same-store sales growth with a 7.3% system same-store sales improvement for the year. Incremental profits for our franchisees were the highest since the onset of the Great Recession. These results drove a 31% improvement in fiscal 2015 earnings per share, on an adjusted basis,” said Clifford Hudson, Sonic Corp. CEO. “Our strong financial performance has also been complemented by a disciplined approach to capital allocation. While we have invested in long-term initiatives to drive system sales performance, we have also returned substantial capital to shareholders. In fact, since 2011 we have returned a combined $289 million to shareholders via dividends and the repurchase of over 25% of our outstanding shares.

Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. As of March 13, 2015, the company operated 3,517 restaurants in 44 states. It also leases signs and real estate.

Finally, Shares of Plug Power Inc (NASDAQ:PLUG), ended its last trade with -3.69% loss, and closed at $2.35.

Plug Power, highlights that it has realized a second successive quarter of record revenue. More than $30 million of revenue was earned in the third quarter of 2015, gained through accelerated fuel cell and hydrogen infrastructure shipments and installations. Additionally, the company remains on track to attain 2015 financial targets.

“Our business growth continues at a regular cadence of customer adoption and commissioning. Plug Power is again recognizing a record revenue quarter that falls right in line with our established aims,” said Andy Marsh, CEO at Plug Power. “Every day we receive positive feedback from customers who use our products to save money and improve productivity, and this really drives the innovation and pride within our doors.”

Plug Power maintains its 2015 forecast of total sales in excess of $100 million, comprising sales of more than 3,300 GenDrive units and construction of more than 15 GenFuel hydrogen storage and dispensing infrastructures. The company projects bookings of more than $200 million in 2015, with about 75 percent coming from repeat customers.

Plug Power Inc., an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of fuel cell systems for the industrial off-road markets worldwide. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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