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General Electric Launches Rugged Power Supplies Solution
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Industrial products manufacturing behemoth, General Electric Company (GE - Free Report) recently rolled out Resilient 3000, a family of rugged power supplies solution for use in general-purpose industrial applications.
Officially known as EP3000AC48IN, Resilient 3000 rectifiers are designed to provide high reliability and ruggedness, paramount for meeting customer needs in the demanding industrial space. The power supply comes with a conformal-coated interior circuit board, which will help protect it against dust, high humidity and other harsh weather conditions.
Also, General Electric is confident that its new powers supplies solution can withstand poor grid conditions and line surges. These rectifiers enable a constant 3,000-W output power. Some other notable features of the product include light weight, surge protection, high mean time and high operating-temperature range.
The company’s power line of rectifiers has earned solid reputation among telecom and datacom industries. It is bullish about the commercial prospects of its industrial segment and believes that it will help in grabbing a higher market share.
Year to date, the company’s shares lost 12.4% against the Zacks categorized Diversified Operations industry’s average gain of 1.4%. Macroeconomic challenges and fluctuations in currency exchanges are proving to be major headwinds, thwarting growth.
As a matter of fact, export-oriented Industrials are likely to face significant headwinds with a stronger dollar, going forward. Moreover, volatility in oil prices has also affected profitability and has undermined its growth potential to some extent. Apart from this, huge restructuring costs, coupled with significant execution and integration risks, are also proving to be a drag on profitability.
Please note that brokers are on the sidelines for the Zacks Rank #3 (Hold) stock as its earnings estimates have remained unchanged over the month. The Zacks Consensus Estimate has remained steady at $1.63 over the same time frame.
3M has a long-term earnings growth expectation of 9.7%. It has a positive earnings surprise history with an average of 1.3% in the trailing four quarters, beating estimates thrice.
Bunzl has a long-term earnings growth expectation of 3.2%.
Crane has a long-term earnings growth expectation of 10.1%. It has a positive earnings surprise history with an average of 8.4% in the trailing four quarters, beating estimates in each.
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General Electric Launches Rugged Power Supplies Solution
Industrial products manufacturing behemoth, General Electric Company (GE - Free Report) recently rolled out Resilient 3000, a family of rugged power supplies solution for use in general-purpose industrial applications.
Officially known as EP3000AC48IN, Resilient 3000 rectifiers are designed to provide high reliability and ruggedness, paramount for meeting customer needs in the demanding industrial space. The power supply comes with a conformal-coated interior circuit board, which will help protect it against dust, high humidity and other harsh weather conditions.
Also, General Electric is confident that its new powers supplies solution can withstand poor grid conditions and line surges. These rectifiers enable a constant 3,000-W output power. Some other notable features of the product include light weight, surge protection, high mean time and high operating-temperature range.
The company’s power line of rectifiers has earned solid reputation among telecom and datacom industries. It is bullish about the commercial prospects of its industrial segment and believes that it will help in grabbing a higher market share.
Year to date, the company’s shares lost 12.4% against the Zacks categorized Diversified Operations industry’s average gain of 1.4%. Macroeconomic challenges and fluctuations in currency exchanges are proving to be major headwinds, thwarting growth.
As a matter of fact, export-oriented Industrials are likely to face significant headwinds with a stronger dollar, going forward. Moreover, volatility in oil prices has also affected profitability and has undermined its growth potential to some extent. Apart from this, huge restructuring costs, coupled with significant execution and integration risks, are also proving to be a drag on profitability.
Please note that brokers are on the sidelines for the Zacks Rank #3 (Hold) stock as its earnings estimates have remained unchanged over the month. The Zacks Consensus Estimate has remained steady at $1.63 over the same time frame.
Stocks to Consider
Some better-ranked stocks in the industry include 3M Company (MMM - Free Report) , Bunzl plc (BZLFY - Free Report) and Crane Co. (CR - Free Report) , each holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
3M has a long-term earnings growth expectation of 9.7%. It has a positive earnings surprise history with an average of 1.3% in the trailing four quarters, beating estimates thrice.
Bunzl has a long-term earnings growth expectation of 3.2%.
Crane has a long-term earnings growth expectation of 10.1%. It has a positive earnings surprise history with an average of 8.4% in the trailing four quarters, beating estimates in each.
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>