Market Update (NYSE:GE): Combination of GE and Alstom Technology Proves Powerful: Pakistan Advances with Third High-Efficiency HA Gas Power Plant

[Business Wire] – SCHENECTADY, N.Y.–(BUSINESSWIRE)– For years, crippling electricity shortages have plagued Pakistan, creating challenges for residents and businesses alike, and fixing the problem has become a priority for the Federal Government of Pakistan. To address this, GE ( NYSE:GE – News) will provide two high-efficiency 9HA gas turbines, one steam turbine and two heat recovery steam generators (HRSG) to SEPCOIII Electric Power Construction Corporation, a wholly owned subsidiary of PowerChina, for the new 1.2 gigawatt (GW) Haveli Bahadur Shah power plant. The steam turbine and HRSGs have been engineered by Alstom, and with GE’s recent acquisition of Alstom’s power and grid businesses, they have been incorporated into GE’s portfolio. Read more on this. General Electric Company (GE) , valued at $269.88B, opened this morning at $28.13. Looking at today’s trading action, the company’s one day range from $28.13 to $28.62 with its 52-week range being $19.37 to $31.49. General Electric (GE) shares are currently priced at 21.71x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.10x earnings multiple for the same period. And for income investors, the company pays shareholders $0.92 per share annually in dividends, yielding 3.23%. According to a consensus of 12 analysts, the earnings estimate of $0.50 per share would be $0.06 worse than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $1.29, which would be a $0.36 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $36.02 Billion. If reported, that would be a 14.24% decrease over the year-ago quarter. More recently, UBS Initiated GE at Buy (Jan 22, 2015). Previously, RBC Capital Mkts Initiated GE at to Outperform. When considering if the stock is under or overvalued, the average price target is $32.38, which is 15.11% above where the stock opened this morning. See more in (NYSE:GE) Similar Articles: Stock Update: General Electric Company (NYSE:GE) – From Bhikki to Balloki: GE and Harbin to Deliver Second High-Efficiency HA Gas Power Plant for Pakistan Stock Update: General Electric Company (NYSE:GE) – Phu My Power Plant Upgrade in Vietnam Marks GE’s First Services Order to be Announced after Acquiring Alstom’s Power & Grid Businesses Market Update (NYSE:GE): GE wins EU approval to buy Alstom’s power unit
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