Back to top

Analyst Blog

General Electric Company’s (GE - Analyst Report) three Jenbacher J624 gas engines have replaced Energie AG’s existing steam turbines. Banking on the improved flexibility, reliability and efficiency, GE’s J624 has helped Austria’s largest cogeneration plant powered by gas engines; upgrade its district heating facility.

GE’s J624 is the world’s first gas engine with an output of 4.4 megawatts and is more cost effective with reliable performance and greater efficiency. With advanced two-stage turbocharging, the J624 gas engine is based on technology that provides high electrical efficiency (45.4%), thermal efficiency (43.7%) and overall efficiency (89.1%).This innovative technology addresses the increasing demand for high efficiency power generation.

The J624 gas engine is specially designed to operate in warm environment. This new technology will provide power to the town of Kirchdorf and provide electricity to the local grid. It offers options for combined heat and power generation. Additionally, the small size of these engines facilitated Energie AG to save time by minimizing the modification process. The output of GE’s gas engines has increased by 10% with the use of the two stage turbochargers.  

General Electric is one of the most diversified technologies and financial service corporations in the world. Its segments include Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Home & Business Solutions, and GE Capital. GE Power & Water produces gas, steam and aero derivative turbines; generators; combined cycle systems; and renewable energy solutions, as well as provides water treatment services and equipment.  In the last reported quarter, Power & Water segment reported revenues of $4.8 billion, down 26% year over year hampered by fewer wind and gas turbine shipments in the European markets.

General Electric currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look now are Honeywell International Inc (HON - Analyst Report), ITT Corporation (ITT - Analyst Report) and Compass Diversified Holdings (CODI - Snapshot Report), each carrying a Zacks Rank #2 (Buy).
 

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
RPC INC RES 24.91 +8.35%
LITHIA MOTO… LAD 94.59 +4.60%
DELTA AIR L… DAL 39.15 +3.90%
FLAMEL TECH… FLML 14.51 +3.50%
SOUTHWEST A… LUV 28.87 +2.92%