General Electric Company (NYSE:GE) registered a -0.13% decrease, still its new closing price is 17.96% up from the company’s 1 year high of 32.74.It posted -0.45% losses in previous 5 sessions and is now the subject of 6 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 7 buy or better ratings. The 18 stock analysts following this company have an average price target at $34.21, with individual PT in the $28.00-$40.00 range. The shares moved at $31.23, implying that brokerage firms see shares gaining about 12.20% in twelve months time.

General Electric Company (GE) SEC Form 4 News

The stock is getting much attention these days as insiders are adding shares while they posted a -1.17% fall year to date. A Chairman and CEO at General Electric Company (GE) acquired shares in a transaction closed on Wednesday November 09, 2016. IMMELT JEFFREY R bought 50,000 shares in the company at $29.24 each and collected $1,462,000 in proceeds. IMMELT JEFFREY R now owns 2,280,792 shares in the company after this transaction. A Chairman and CEO in the company, IMMELT JEFFREY R, disclosed a transaction on Tuesday July 26, 2016 that ended up paying $1,572,001 from the purchase of 50,000 shares at $31.45 per share.

General Electric Company (NYSE:GE) Upcoming Results on Tap

General Electric Company will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.38 in that period. Sales during the quarter are predicted to arrive at $27.36 billion.

Earnings surprise history: Last quarter, the company posted approximately $29.27 billion in revenue and EPS of $0.32. The mean forecast was for $29.64 billion and $0.30 a share, respectively. One quarter earlier, revenue for the stock was at $33.49 billion, with earnings at $0.51/share.

General Electric Company (GE) Brokerage Update

General Electric Company (GE) is in Bernstein’s research list so their analyst rating change is noteworthy. These shares were upgraded to Outperform from Mkt Perform by Bernstein, according to news reported on Friday December 16, 2016.Another important research note was issued by Bernstein on Monday April 04, 2016.The firm downgraded GE to Mkt Perform from Outperform. Over the last six months and over the last three months, the shares of General Electric Company (GE), have changed -4.42% and 8.25%, respectively.

General Electric Company (NYSE:GE) on January 18, 2017 announced that it has secured more than $1.4 billion in orders from Iraq’s Ministry of Electricity to set up power plants as well as provide technology upgrades and maintenance services. The announcement further strengthens GE’s collaborations in Iraq to support the country’s power infrastructure and meet the growing need for electricity.

GE signed agreements that will add over two gigawatts (GW) of power and secure the delivery of ~1.75 GW of existing power to the national grid:

  • GE will set up the Samawa and Dhi Qar Power Plants, adding 1,500 megawatts (MW) to the grid. In the first phase of the project, GE will install four 9E gas turbines in simple cycle at each site by 2018. The second phase will entail the combined cycle conversion of the 9E units. GE is also supplying advanced heat recovery steam generators (HRSG) and steam turbine technology as well as serving as the engineering, procurement and construction (EPC) contractor for the projects.
  • Under Phase II of the Power Up Plan – a plan with the Iraqi Ministry of Electricity (MoE) for critical electricity generation and maintenance projects throughout the country – GE will add over 580 megawatts (MW) to the national grid through upgrade and rehabilitation works at four power plants.
  • Additionally, under Power Up Plan Phase II, GE will sustain ~1.75 GW of existing power generation through the maintenance of 9E gas turbines across six different power plants in Iraq. The activities will help enhance the reliability and efficiency of Iraq’s installed base.

GE has also been working with regional and international institutions to facilitate financing to help the Government of Iraq execute these and other projects. Since 2016, GE has helped the country secure $2 billion in financing for projects in the energy sector leveraging its global sourcing capabilities coupled with its strong relationships with lenders.