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.
General Electric (GE) Wins Rail System Upgradation Deal in the UK
Read MoreHide Full Article
General Electric Company (GE - Free Report) announced that its Power Conversion division (part of GE Vernova, the combined operations of the Power and Renewable segments) secured a deal from Network Rail for upgrading the phase balancer control and cooling system at its Rail Innovation and Development Centre ("RIDC").
The deal advances Network Rail’s goal of improving energy efficiency and introducing new technology that can deliver cleaner energy to support the U.K.’s path to net-zero emissions.
Based in Melton Mowbray, the U.K., the RIDC facility is a specific track system that ensures a safe environment for testing new trains ahead of their operation in the U.K. rail network. The site can be used to test vehicles at high and low speeds, as well as infrastructure using eleven miles of 25 kV overhead line equipment, and third and fourth rail DC electric equipment.
Per the deal, GE will upgrade thyristor control and cooling plant systems, along with the existing phase balancer control system at the RIDC site. The company will also be responsible for the designing, manufacturing, delivering, installing and commissioning of the control and cooling system. GE will integrate a GE Visor service for remote diagnostics.
Post the upgradation, RIDC will be able to test innovative technology for the rail infrastructure. It will also be able to deliver an augmented performance of the system.
Zacks Rank and Other Stocks to Consider
GE currently sports a Zacks Rank #1 (Strong Buy). Some other top-ranked companies are discussed below:
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. The stock has rallied 4.5% in the past six months.
Alamo Group Inc. (ALG - Free Report) presently sports a Zacks Rank of 1. ALG’s earnings surprise in the last four quarters was 6.0%, on average.
In the past 60 days, estimates for Alamo’s fiscal 2023 earnings have increased 7.5%. The stock has gained 28.5% in the past six months.
A. O. Smith Corporation (AOS - Free Report) presently carries a Zacks Rank #2 (Buy). AOS’ earnings surprise in the last four quarters was 3.2%, on average.
In the past 60 days, estimates for A. O. Smith’s fiscal 2023 earnings have increased 1.2%. The stock has gained 33.2% in the past six months.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
General Electric (GE) Wins Rail System Upgradation Deal in the UK
General Electric Company (GE - Free Report) announced that its Power Conversion division (part of GE Vernova, the combined operations of the Power and Renewable segments) secured a deal from Network Rail for upgrading the phase balancer control and cooling system at its Rail Innovation and Development Centre ("RIDC").
The deal advances Network Rail’s goal of improving energy efficiency and introducing new technology that can deliver cleaner energy to support the U.K.’s path to net-zero emissions.
Based in Melton Mowbray, the U.K., the RIDC facility is a specific track system that ensures a safe environment for testing new trains ahead of their operation in the U.K. rail network. The site can be used to test vehicles at high and low speeds, as well as infrastructure using eleven miles of 25 kV overhead line equipment, and third and fourth rail DC electric equipment.
Per the deal, GE will upgrade thyristor control and cooling plant systems, along with the existing phase balancer control system at the RIDC site. The company will also be responsible for the designing, manufacturing, delivering, installing and commissioning of the control and cooling system. GE will integrate a GE Visor service for remote diagnostics.
General Electric Company Price
General Electric Company price | General Electric Company Quote
Post the upgradation, RIDC will be able to test innovative technology for the rail infrastructure. It will also be able to deliver an augmented performance of the system.
Zacks Rank and Other Stocks to Consider
GE currently sports a Zacks Rank #1 (Strong Buy). Some other top-ranked companies are discussed below:
Deere & Company (DE - Free Report) presently flaunts a Zacks Rank of 1. DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, estimates for Deere & Company’s fiscal 2023 earnings have increased 8.6%. The stock has rallied 4.5% in the past six months.
Alamo Group Inc. (ALG - Free Report) presently sports a Zacks Rank of 1. ALG’s earnings surprise in the last four quarters was 6.0%, on average.
In the past 60 days, estimates for Alamo’s fiscal 2023 earnings have increased 7.5%. The stock has gained 28.5% in the past six months.
A. O. Smith Corporation (AOS - Free Report) presently carries a Zacks Rank #2 (Buy). AOS’ earnings surprise in the last four quarters was 3.2%, on average.
In the past 60 days, estimates for A. O. Smith’s fiscal 2023 earnings have increased 1.2%. The stock has gained 33.2% in the past six months.