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General Electric Unit Teams Up with DBJ to Raise Solar Fund
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General Electric Company’s (GE - Free Report) energy investing unit – GE Energy Financial Services (‘GE EFS’) – recently joined forces with Development Bank of Japan Inc. (‘DBJ’) and other prominent Japanese institutional investors, to raise fund for the country’s renewable energy infrastructure projects. The program has been planned to meet the growing energy demand in the country.
General Electric is poised to grow on the back of diligent acquisitions, new investments and robust cash flow. However, we believe that issues, such as sudden operational risks or as a stronger U.S. dollar, might weigh over the benefits accrued from the aforementioned initiatives. Over the last one month, shares of this Zacks Rank #4 (Sell) stock lost 1.31%, as against 0.61% growth recorded by the Zacks categorized Diversified Operations industry.
Inside the Headlines
GE EFS will finance a number of Japanese solar power operating projects, like the country’s 32-megawatt Kumenan solar plant, with the raised fund.
So far, GE EFS has raised funds worth ¥46.3 billion for the above mentioned purpose, but intends to augment its value up to ¥75 billion by the third quarter of this year. As Japan is on track to generate nearly 24% power from only renewable sources by 2030, GE EFS believes that attracting new domestic investors in the renewable energy market would not be a very tough task. The company noted that this project has the potential to capture funds by up to ¥90 billion, moving ahead.
GE EFS would be holding both Limited Partner interests and General Partner interests in the fund, while DBJ would only take Limited Partner interests in the same.
Stocks to Consider
A few better-ranked stocks in the industry are listed below:
Hitachi Ltd. (HTHIY - Free Report) has a remarkable average positive earnings surprise of 158.49% for the trailing four quarters and currently carries a Zacks Rank #2 (Buy).
Advanced Disposal Services Inc. , also a Zacks Rank #2 stock, has an outstanding average positive earnings surprise of 227.78% for the past four quarters.
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General Electric Unit Teams Up with DBJ to Raise Solar Fund
General Electric Company’s (GE - Free Report) energy investing unit – GE Energy Financial Services (‘GE EFS’) – recently joined forces with Development Bank of Japan Inc. (‘DBJ’) and other prominent Japanese institutional investors, to raise fund for the country’s renewable energy infrastructure projects. The program has been planned to meet the growing energy demand in the country.
General Electric is poised to grow on the back of diligent acquisitions, new investments and robust cash flow. However, we believe that issues, such as sudden operational risks or as a stronger U.S. dollar, might weigh over the benefits accrued from the aforementioned initiatives. Over the last one month, shares of this Zacks Rank #4 (Sell) stock lost 1.31%, as against 0.61% growth recorded by the Zacks categorized Diversified Operations industry.
Inside the Headlines
GE EFS will finance a number of Japanese solar power operating projects, like the country’s 32-megawatt Kumenan solar plant, with the raised fund.
So far, GE EFS has raised funds worth ¥46.3 billion for the above mentioned purpose, but intends to augment its value up to ¥75 billion by the third quarter of this year. As Japan is on track to generate nearly 24% power from only renewable sources by 2030, GE EFS believes that attracting new domestic investors in the renewable energy market would not be a very tough task. The company noted that this project has the potential to capture funds by up to ¥90 billion, moving ahead.
GE EFS would be holding both Limited Partner interests and General Partner interests in the fund, while DBJ would only take Limited Partner interests in the same.
Stocks to Consider
A few better-ranked stocks in the industry are listed below:
Federal Signal Corporation (FSS - Free Report) has an average positive earnings surprise of 3.10% for the last four quarters and currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Hitachi Ltd. (HTHIY - Free Report) has a remarkable average positive earnings surprise of 158.49% for the trailing four quarters and currently carries a Zacks Rank #2 (Buy).
Advanced Disposal Services Inc. , also a Zacks Rank #2 stock, has an outstanding average positive earnings surprise of 227.78% for the past four quarters.
5 Trades Could Profit ""Big-League"" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>