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 Unveils Advanced Cross-Fleet Gas Turbine Capabilities
Read MoreHide Full Article
General Electric Company’s (GE - Free Report) Power Services business revealed new capabilities which will augment the performance and reliability of other original equipment manufacturer (OEM) gas turbine fleets. The conglomerate also disclosed that it had secured more than $200 million in backlog for gas turbine cross-fleet orders.
GE’s advanced capabilities and technology will provide gas plant operators greater flexibility, reliability and efficiency. It will also ensure longer maintenance intervals and superior overall performance. The gas turbine cross-fleet capabilities also include remote monitoring capabilities to boost reliability as well as availability and reduce operational risks and maintenance costs.
These latest technological developments benefit from the company’s extensive experience as well as the extensive steam turbine, generator and HRSG other-OEM capabilities and expertise acquired from Alstom’s power business in November 2015.
GE Power is the largest segment of the conglomerate in terms of corporate revenues. However, the unit has been a drag on earnings in the last few quarters, thanks to increasing global demand for renewable energy sources. Also, overcapacity, lower utilization and fewer outages are other factors that are dampening demand. Per Industry experts, the acquisition of Alstom’s assets further compounded the problems for General Electric, as it hiked operating costs and contracted margins.
Nevertheless, in 2017, Flannery assured investors that energy, aviation and healthcare will continue to be the focal points of GE’s operations. It has been nearly five months since Flannery outlined his plan to divest more than $20 billion of assets.
In April, GE inked an agreement to sell a trio of its health-care information technology businesses to private equity firm Veritas Capital for $1.05 billion. The deal marks one of the first notable portfolio-related moves since Flannery announced the plan to exit at least $20 billion of businesses.
The overhaul, coupled with cost cuts and cultural changes, encompass Flannery’s attempts to pull GE out of one of the deepest slumps in the company’s 126-year history. The company’s shares have lost 15.2% in the past six months, wider than the industry’s decline of 5.2%.
Honeywell surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 1.5%.
Federal Signal outpaced estimates in the preceding four quarters, with an average earnings surprise of 16.1%.
Danaher surpassed estimates in each of the preceding four quarters, with an average positive earnings surprise of 4.1%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
GE Unveils Advanced Cross-Fleet Gas Turbine Capabilities
General Electric Company’s (GE - Free Report) Power Services business revealed new capabilities which will augment the performance and reliability of other original equipment manufacturer (OEM) gas turbine fleets. The conglomerate also disclosed that it had secured more than $200 million in backlog for gas turbine cross-fleet orders.
GE’s advanced capabilities and technology will provide gas plant operators greater flexibility, reliability and efficiency. It will also ensure longer maintenance intervals and superior overall performance. The gas turbine cross-fleet capabilities also include remote monitoring capabilities to boost reliability as well as availability and reduce operational risks and maintenance costs.
These latest technological developments benefit from the company’s extensive experience as well as the extensive steam turbine, generator and HRSG other-OEM capabilities and expertise acquired from Alstom’s power business in November 2015.
GE Power is the largest segment of the conglomerate in terms of corporate revenues. However, the unit has been a drag on earnings in the last few quarters, thanks to increasing global demand for renewable energy sources. Also, overcapacity, lower utilization and fewer outages are other factors that are dampening demand. Per Industry experts, the acquisition of Alstom’s assets further compounded the problems for General Electric, as it hiked operating costs and contracted margins.
Nevertheless, in 2017, Flannery assured investors that energy, aviation and healthcare will continue to be the focal points of GE’s operations. It has been nearly five months since Flannery outlined his plan to divest more than $20 billion of assets.
In April, GE inked an agreement to sell a trio of its health-care information technology businesses to private equity firm Veritas Capital for $1.05 billion. The deal marks one of the first notable portfolio-related moves since Flannery announced the plan to exit at least $20 billion of businesses.
The overhaul, coupled with cost cuts and cultural changes, encompass Flannery’s attempts to pull GE out of one of the deepest slumps in the company’s 126-year history. The company’s shares have lost 15.2% in the past six months, wider than the industry’s decline of 5.2%.
Zacks Rank & Stocks to Consider
General Electric carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the same space include Honeywell International Inc. (HON - Free Report) , Federal Signal Corporation (FSS - Free Report) and Danaher Corporation (DHR - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Honeywell surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 1.5%.
Federal Signal outpaced estimates in the preceding four quarters, with an average earnings surprise of 16.1%.
Danaher surpassed estimates in each of the preceding four quarters, with an average positive earnings surprise of 4.1%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>