Back to top
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
GE Aerospace (GE) - $25 value - yours FREE >>
Applied Industrial Technologies, Inc. (AIT) - $25 value - yours FREE >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
GE Aerospace (GE) - $25 value - yours FREE >>
Applied Industrial Technologies, Inc. (AIT) - $25 value - yours FREE >>
Image: Bigstock
General Electric (GE) Arm, NTPC Sign MOU on Decarbonization
General Electric’s (GE - Free Report) subsidiary, GE Power India, has signed a Memorandum of Understanding (MOU) with NTPC Ltd., an Indian central public sector undertaking engaged in electricity generation and related activities. The agreement is aimed at reducing the carbon footprint of NTPC’s existing coal-fired power plants.
The agreement helps India progress in its efforts to adopt advanced powering technology to decarbonize power generation as it strives to achieve its net-zero goal.
This is a first-of-its-kind MOU partnering on research, development and engineering of technologies that will help NTPC reduce the amount of coal-fired in its units while simultaneously replacing it by co-firing alternative carboneous and non-carboneous fuels. The process will help in reducing the carbon footprint of NTPC’s coal-based power generation.
General Electric Company Price
General Electric Company price | General Electric Company Quote
The deal with GE Power India will help NTPC co-fire biomass pellets beyond 20% and up to 100%, as well as enable co-firing of methanol. It will also explore options to introduce ammonia as a co-firing fuel and demonstrate technologies that enable co-firing with lower carbon fuels in coal-fired power plants.
Zacks Rank & Key Picks
General Electric presently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks worth considering are as follows:
Applied Industrial Technologies, Inc. (AIT - Free Report) presently sports a Zacks Rank #1 (Strong Buy). AIT delivered a trailing four-quarter earnings surprise of 24.8%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
Applied Industrial has an estimated earnings growth rate of 14.3% for the current fiscal year. The stock has gained 39% in the past six months.
IDEX Corporation (IEX - Free Report) presently carries a Zacks Rank #2 (Buy). The company pulled off a trailing four-quarter earnings surprise of 5.7%, on average.
IDEX has an estimated earnings growth rate of 28.4% and 6.1% for the current and next years, respectively. The stock has rallied 28% in the past six months.