Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

General Electric Company (GE - Analyst Report) recently issued the progress report on the environmental dredging project on the Upper Hudson River in New York. The project is scheduled to be completed in 2016.

Dredging is usually carried out in shallow seas or fresh water areas with the purpose of gathering up bottom sediments and disposing them at a different location.

General Electric has spent more than $1 billion for implementation of this project, which is overseen by the U.S. Environmental Protection Agency (EPA).

General Electric removed 1.9 million cubic yards of contaminated sediments, about 70% of the expected total. Dredging is expected to continue for two more seasons, followed by a third season restoring habitat. The EPA believes that dredging will clean the river of Polychlorinated biphenyls (PCB) contamination.

The project is in sync with the agency’s clean-up goals and protects human health and maintains the sanctity of the environment. This dredging project is expected to resolve the remedial liabilities of Hudson River.

General Electric is one of the largest and most diversified technology and financial services corporations in the world with products and services ranging from aircraft engines, power generation, water processing, and security technology to medical imaging, business and consumer financing, media content, and industrial products. Its segments include Energy Infrastructure, Aviation, Healthcare, Transportation, Home & Business Solutions and GE Capital.

General Electric currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include ITT Corp. (ITT - Analyst Report), Hutchison Whampoa Ltd (HUWHY) and Raven Industries Inc (RAVN - Analyst Report). All these stocks carry 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

Learn more

Start for as little as $4.50 per trade.

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
DIXIE GROUP DXYN 15.84 +7.90%
BOFL HOLDING BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%