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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.

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NCS Multistage

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CLDR

Cloudera

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AOS

A.O. Smith

$54.42

1.45 (2.74%)

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FB

Facebook

$147.70

1.14 (0.78%)

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AAWW

Atlas Air

$59.80

0.4 (0.67%)

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UTHR

United Therapeutics

$120.50

0.51 (0.43%)

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United Therapeutics announces $250M repurchase program »

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  • 06

    Jun

CYTR

CytRx

$0.68

-0.121 (-15.02%)

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  • 02

    Jun

EEX

Emerald Expositions Events

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  • 28

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GOOG

Alphabet

$874.25

2.52 (0.29%)

, GOOGL

Alphabet Class A

$891.44

2.3 (0.26%)

19:31
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Google introduces development kit for Google Assistant »

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GOOG

Alphabet

$874.25

2.52 (0.29%)

GOOGL

Alphabet Class A

$891.44

2.3 (0.26%)

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SRPT

Sarepta

$34.72

-0.14 (-0.40%)

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  • 27

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SRPT

Sarepta

$34.72

-0.14 (-0.40%)

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SRPT

Sarepta

$34.72

-0.14 (-0.40%)

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  • 27

    Apr

SRPT

Sarepta

$34.72

-0.14 (-0.40%)

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Sarepta confirms CEO Ed Kaye to resign from role at end of current term »

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  • 27

    Apr

BSAC

Santander Chile

$23.59

-0.36 (-1.50%)

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  • 28

    Apr

BA

Boeing

$183.22

1.51 (0.83%)

, BDRBF

Bombardier

$1.63

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Boeing

$183.22

1.51 (0.83%)

BDRBF

Bombardier

$1.63

-0.0278 (-1.67%)

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  • 31

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BA

Boeing

$183.22

1.51 (0.83%)

, BDRBF

Bombardier

$1.63

-0.0278 (-1.67%)

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Boeing

$183.22

1.51 (0.83%)

BDRBF

Bombardier

$1.63

-0.0278 (-1.67%)

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  • 31

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SWN

Southwestern Energy

$7.67

-0.16 (-2.04%)

18:48
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Earnings
Southwestern Energy reports Q1 adjusted EPS 18c, consensus 18c »

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  • 28

    Apr

CRMD

CorMedix

$1.04

-0.07 (-6.31%)

18:43
04/27/17
04/27
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18:43
Syndicate
CorMedix files to sell common stock warrants, no amount given »

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  • 28

    Apr

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FET

Forum Energy

$18.10

-1.05 (-5.48%)

18:39
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Earnings
Breaking Earnings news story on Forum Energy »

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  • 28

    Apr

WDC

Western Digital

$85.71

1.1 (1.30%)

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  • 27

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FET

Forum Energy

$18.10

-1.05 (-5.48%)

18:38
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Earnings
Forum Energy reports Q1 adjusted EPS (14c), consensus (16c) »

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  • 28

    Apr

SJR

Shaw Communications

$21.30

0.07 (0.33%)

18:36
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Shaw Communications restores internet and phone services after brief outage »

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