December 15th, 2015

Market Update (NYSE:GE): GE Signs Digital Power Plant Agreement with Hubco for Pakistan’s Largest Steam Power Plant

[Business Wire] – SCHENECTADY, N.Y.–(BUSINESSWIRE)– GE ( NYSE:GE – News) has signed a contract with Hubco to provide its digital industrial solutions for the 1,292-megawatt (MW) Hubco power plant in Baluchistan, Pakistan. “GE’s digital solutions are a game changer for the energy sector, and we are happy to be working with them,” said Khalid Mansoor, CEO of Hubco. Powered by Predix*, GE’s cloud-based operating system built exclusively for industry, GE’s Digital Power Plant includes a suite of software solutions that can enable Hubco’s power plant operators to analyze and monitor operations across all touchpoints in real time and help identify any maintenance issues ahead of time, leading to greater asset uptime and reduced unplanned downtime. Read more on this. General Electric Company (GE) , valued at $276.97B, opened this morning at $30.16. Today, shares have traded between $30.02 and $30.24 per share with a trailing 52-week range being $19.37 to $32.05. Priced at 20.07x this year’s forecasted earnings, GE shares are relatively expensive compared to the industry’s 13.96x forward p/e ratio. The company pays shareholders $0.92 per share in dividend income per year, for a current yield of 3.05%. Consensus earnings for the current quarter by the 14 sell-side analysts covering the stock is an estimate of $0.46 per share, which would be $0.15 better than the year-ago quarter and a $0.18 sequential increase. The full-year EPS estimate is $1.51 which would be a $0.20 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $30.84 Billion. If realized, that would be a 5.18% increase over the year-ago quarter. Recently, Cowen Initiated GE at Market Perform (Jun 7, 2016). Previously, Bernstein downgraded GE from Outperform to Mkt Perform. When considering if perhaps the stock is under or overvalued, the average price target is $32.53, which is 7.86% above where the stock opened this morning. See more in (NYSE:GE) Similar Articles: Market Update (NYSE:GE): GE Power and Partners Convened Future of Electricity Summit in New Delhi, India Market Update (NYSE:GE): Combination of GE and Alstom Technology Proves Powerful: Pakistan Advances with Third High-Efficiency HA Gas Power Plant 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
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