Back to top

Analyst Blog

GE Capital, a division of General Electric Company (GE - Analyst Report), recently signed a three-year agreement to provide financing of commercial purchase of electric vehicles from Global Electric Motorcars (GEM), a subsidiary of Polaris Industries Inc. (PII - Snapshot Report).

Polaris – a leader in the power sports industry with sales of $3.2 billion in 2012 - designs manufactures and markets motorized products for consumer and commercial usage. GEM has a diversified product line, which includes all-terrain vehicles (ATVs), snowmobiles, Polaris Ranger Indian and Victory motorcycles and related parts and accessories, and has sold over 46,000 vehicles globally.

GE Capital already has business tie ups with Polaris for more than 25 years. The extension of this contract strengthens the mutual relationship of both the companies. GE Capital aims to offer its financing program for all commercial users and thereby help Polaris in augmenting its revenues by fostering organic growth, achieving technical excellence, while building enduring customer relationships globally.

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 Capital is equipped with diverse type of products, ranging from consumer lending to financial solutions. GE Capital meets the financial needs of businesses of all sizes. In the last reported quarter revenues from the GE Capital segment increased 2% year over year to $11.5 billion as it reduced the overall size of its portfolio while focusing on core growth.

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) and Crane Co (CR - 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%