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GE

General Electric

$28.86

-0.22 (-0.76%)

07:35
10/11/16
10/11
07:35
10/11/16
07:35

GE plans to acquire Denmark-based LM Wind Power for $1.65B

GE announced its intent to purchase LM Wind Power, a Denmark-based manufacturer and supplier of rotor blades to the wind industry, for $1.65B. The deal in-sources wind turbine blade design and manufacturing for GE's Renewable Energy business, improving its ability to increase energy output and create value for onshore and offshore customers. Since 2001, LM Wind Power has been owned by Doughty Hanson, a leading London-based private equity firm. The acquisition is valued at 8.3 times pro forma earnings before interest, taxes, depreciation and amortization. The transaction is subject to customary regulatory and governmental approvals and GE expects to close the transaction in the first half of 2017. GE expects the acquisition to be accretive to earnings in 2018. GE Renewable Energy is expected to sustain a solid growth rate over the next few years. The integration with Alstom Power is on track and global demand is robust. The business can fully leverage all elements of the GE Store. GE expects sustainable growth in margins and returns. Following the closing of the deal, GE intends to operate LM Wind Power as a standalone unit within GE Renewable Energy and will continue to fully support all industry customers with the aim of expanding these relationships. GE will also retain the ability to source blades from other suppliers. LM Wind Power will continue to be led by its existing management team and be headquartered in Denmark, where it also maintains a global technology center.

  • 14

    Nov

  • 17

    Nov

GE General Electric
$28.86

-0.22 (-0.76%)

06/29/16
JPMS
06/29/16
NO CHANGE
JPMS
Underweight
JPMorgan keeps Underweight on GE following SIFI news
JPMorgan analyst C. Stephen Tusa says that while the removal of the Systemically Important Financial Institution designation came sooner than expected, it does not change his fundamental view of General Electric shares. The company's earnings and free cash flow outlook remain unchanged, and its stock remains expensive at current levels, Tusa tells investors in a research note. He keeps an Underweight rating on shares of GE.
07/22/16
STPT
07/22/16
INITIATION
Target $26
STPT
Sell
General Electric initiated with a Sell at Standpoint Research
Target $26.
07/22/16
07/22/16
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. General Electric (GE) initiated with a Sell at Standpoint Research. 2. Williams (WMB) and Williams Partners (WPZ) resumed with a Neutral at Citi. 3. Nevro (NVRO) initiated with an Overweight at Piper Jaffray. 4. Universal Electronics (UEIC) initiated with a Buy at Sidoti. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/07/16
BERN
09/07/16
NO CHANGE
BERN
General Electric deal a long-term positive, says Bernstein
After GE acquired two European 3D printer companies, Bernstein analyst Steven Winoker says that the transaction will enable GE to more easily integrate 3D printing into its businesses. The analyst says that the productivity benefits that GE can realize from the deal are "self-evident," and he predicts that the deal will save GE money over the long-term. Winoker keeps a Market Perform rating on the stock.

TODAY'S FREE FLY STORIES

02:50
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General news
FX Update: The dollar has traded steady-to-firmer »

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VRA

Vera Bradley

$14.67

-0.07 (-0.47%)

20:25
12/06/16
12/06
20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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WPPGY

WPP PLC

$105.77

-1.18 (-1.10%)

, FB

Facebook

$117.31

-0.12 (-0.10%)

20:11
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20:11
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Periodicals
WPP CEO says spending about $70M with Snapchat, WSJ says »

Speaking earlier Tuesday…

WPPGY

WPP PLC

$105.77

-1.18 (-1.10%)

FB

Facebook

$117.31

-0.12 (-0.10%)

GOOG

Alphabet

$759.11

-3.41 (-0.45%)

GOOGL

Alphabet Class A

$776.18

-2.04 (-0.26%)

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GLT

Glatfelter

$24.29

0.67 (2.84%)

20:09
12/06/16
12/06
20:09
12/06/16
20:09
Downgrade
Glatfelter rating change  »

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RPRX

Repros Therapeutics

$1.91

-0.04 (-2.05%)

20:06
12/06/16
12/06
20:06
12/06/16
20:06
Hot Stocks
Repros participates in FDA meeting, says plans meeting to discuss Phase 3 design »

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TSLA

Tesla

$185.85

-0.95 (-0.51%)

, SSNLF

Samsung

19:57
12/06/16
12/06
19:57
12/06/16
19:57
Hot Stocks
Electric car startup partners with Samsung SDI on 'breakthrough' battery tech »

Electric vehicle startup…

TSLA

Tesla

$185.85

-0.95 (-0.51%)

SSNLF

Samsung

03/08/13
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  • 06

    Dec

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  • 08

    Dec

  • 14

    Dec

  • 10

    Jan

SBMRY

SABMiller

, BUD

AB InBev

$104.05

0.79 (0.77%)

19:34
12/06/16
12/06
19:34
12/06/16
19:34
Periodicals
Bain Capital exits auction for European SABMiller brands, Reuters says »

Private equity firm Bain…

SBMRY

SABMiller

BUD

AB InBev

$104.05

0.79 (0.77%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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AN

AutoNation

$46.86

1.28 (2.81%)

19:27
12/06/16
12/06
19:27
12/06/16
19:27
Hot Stocks
Senators: AutoNation resumption of recalled vehicle sales 'deeply troubling' »

U.S. Senators Richard…

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BA

Boeing

$152.24

0.08 (0.05%)

19:21
12/06/16
12/06
19:21
12/06/16
19:21
Periodicals
Boeing contacts Trump team after Air Force One tweets, Bloomberg says »

Following President-elect…

03/08/13
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BA

Boeing

$152.24

0.08 (0.05%)

18:58
12/06/16
12/06
18:58
12/06/16
18:58
Hot Stocks
White House press secretary: Air Force One claims appear misrepresentative »

Responding to…

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RDS.A

Royal Dutch Shell

$52.37

0.17 (0.33%)

, RDS.B

Royal Dutch Shell

$55.72

0.21 (0.38%)

18:51
12/06/16
12/06
18:51
12/06/16
18:51
Periodicals
Japan-based Idemitsu plans purchase of Showa Shell stake, Nikkei says »

Japan's Idemitsu…

RDS.A

Royal Dutch Shell

$52.37

0.17 (0.33%)

RDS.B

Royal Dutch Shell

$55.72

0.21 (0.38%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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TM

Toyota

$117.88

0.32 (0.27%)

18:48
12/06/16
12/06
18:48
12/06/16
18:48
Periodicals
Toyota plans to improve overall fuel economy by 20%, Nikkei reports »

Toyota plans to…

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AYA

Amaya

$14.60

0.2 (1.39%)

18:35
12/06/16
12/06
18:35
12/06/16
18:35
Periodicals
Amaya holder SpringOwl: Baazov bid 'raises a lot of questions,' Bloomberg says »

Speaking in a Bloomberg…

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TSLA

Tesla

$185.85

-0.95 (-0.51%)

18:30
12/06/16
12/06
18:30
12/06/16
18:30
Hot Stocks
Tesla to recall certain NEMA 14-30, 10-30, 6-50 charging adapters »

Tesla said that it is…

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  • 14

    Dec

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    Jan

ALGT

Allegiant Travel

$162.35

4.1 (2.59%)

18:21
12/06/16
12/06
18:21
12/06/16
18:21
Hot Stocks
Allegiant Travel says estimated November TRASM change (2.7%)-(2.3%) »

November estimated…

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ALGT

Allegiant Travel

$162.35

4.1 (2.59%)

18:14
12/06/16
12/06
18:14
12/06/16
18:14
Hot Stocks
Allegiant Travel sees Q1 system departures up 14%-18%, ASMs up 10%-14% »

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TNP

Tsakos Energy

$4.82

0.16 (3.43%)

18:13
12/06/16
12/06
18:13
12/06/16
18:13
Hot Stocks
Tsakos Energy announces four new time charter contracts »

Tsakos Energy Navigation…

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  • 12

    Dec

ALGT

Allegiant Travel

$162.35

4.1 (2.59%)

18:12
12/06/16
12/06
18:12
12/06/16
18:12
Hot Stocks
Allegiant Travel sees Q4 system departures up 17%-19%, ASMs up 12%-14% »

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ALGT

Allegiant Travel

$162.35

4.1 (2.59%)

18:11
12/06/16
12/06
18:11
12/06/16
18:11
Hot Stocks
Breaking Hot Stocks news story on Allegiant Travel »

Allegiant Travel sees…

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ALGT

Allegiant Travel

$162.35

4.1 (2.59%)

18:09
12/06/16
12/06
18:09
12/06/16
18:09
Hot Stocks
Allegiant Travel revises Q4 TRASM view to (6%)-(4.5%) from (7.5%)-(5.5%) »

"November close in…

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ALGT

Allegiant Travel

$162.35

4.1 (2.59%)

18:07
12/06/16
12/06
18:07
12/06/16
18:07
Hot Stocks
Allegiant Travel reports preliminary November traffic up 8.7% »

Reports November…

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OMAB

OMA Airports

$36.17

0.23 (0.64%)

18:01
12/06/16
12/06
18:01
12/06/16
18:01
Hot Stocks
OMA Airports reports November passenger traffic up 11.3% »

OMA Airports reports that…

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III

Information Services

$3.90

0.04 (1.04%)

18:00
12/06/16
12/06
18:00
12/06/16
18:00
Hot Stocks
Chevrillon raises passive stake in Information Services to 13.55% from 7.2% »

In a regulatory filing…

03/08/13
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SAGE

SAGE Therapeutics

$55.68

3.86 (7.45%)

17:59
12/06/16
12/06
17:59
12/06/16
17:59
Recommendations
SAGE Therapeutics analyst commentary  »

BMO ups SAGE target to…

03/08/13
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  • 14

    Dec

AKS

AK Steel

$10.55

-0.1 (-0.94%)

17:47
12/06/16
12/06
17:47
12/06/16
17:47
Hot Stocks
AK Steel to increase base prices for all stainless products »

AK Steel said that it…

03/08/13
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  • 06

    Dec

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