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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

IBM

IBM

$180.67

-0.76 (-0.42%)

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IBM expands Watson Health Cloud capabilities, introduces health consulting unit »

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TUWOY

Tullow Oil

$1.59

-0.03 (-1.85%)

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AFLYY

Air France-KLM

$6.83

0.29 (4.43%)

17:17
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17:17
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17:17
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EUTLF

Eutelsat Communications

17:16
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Eutelsat Communications rating change  »

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BSFT

BroadSoft

$43.90

0.6 (1.39%)

17:07
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FET

Forum Energy

$20.10

-0.75 (-3.60%)

16:53
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Forum Energy says CEO Gaut to become executive chairman, appoints Iyyanki as CEO »

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JEC

Jacobs Engineering

$57.61

-1.42 (-2.41%)

, OISHY

Oil Search

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Jacobs gets letter of intent from Oil Search for services in New Guinea »

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JEC

Jacobs Engineering

$57.61

-1.42 (-2.41%)

OISHY

Oil Search

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USNA

USANA

$58.15

-1.1 (-1.86%)

16:42
02/20/17
02/20
16:42
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16:42
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USANA says subsidiary becomes official sponsor of China sports training bureau »

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ICLR

ICON plc

$85.68

-2.1 (-2.39%)

16:37
02/20/17
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ICON selected by FDA to validate outcome instruments for antibacterial trials »

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ALV

Autoliv

$105.87

-1.46 (-1.36%)

16:33
02/20/17
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Autoliv raises quarterly dividend to 60c per share »

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  • 09

    May

HCM

Hutchison China MediTech

$13.38

-0.02 (-0.15%)

16:32
02/20/17
02/20
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Hutchison China MediTech initiates Phase 2 study of savolitinib in lung cancer »

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QSR

Restaurant Brands

$53.90

0.05 (0.09%)

, PLKI

Popeyes

$66.12

-0.26 (-0.39%)

15:46
02/20/17
02/20
15:46
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15:46
Periodicals
Restaurant Brands in advanced talks to buy Popeyes, Bloomberg says »

Restaurant Brands (QSR)…

QSR

Restaurant Brands

$53.90

0.05 (0.09%)

PLKI

Popeyes

$66.12

-0.26 (-0.39%)

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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  • 23

    Feb

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    Mar

ACN

Accenture

$121.23

0.51 (0.42%)

15:17
02/20/17
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15:17
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Accenture announces intent to acquire SinnerSchrader »

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CGG

CGG SA

15:13
02/20/17
02/20
15:13
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CGG SA says secures consent from debt holders »

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PI

Impinj

$31.17

-4.19 (-11.85%)

15:05
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Impinj announces partnership, platform integration with STANLEY Healthcare »

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  • 22

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HRS

Harris

$109.46

0.81 (0.75%)

15:03
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Harris wins $189M contract with UAE military »

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BABA

Alibaba

$100.52

-0.3 (-0.30%)

15:01
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Alibaba announces strategic partnership with Bailian Group »

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  • 06

    Mar

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SWIR

Sierra Wireless

$27.80

1.575 (6.01%)

, VLKAY

Volkswagen

$30.87

-0.65 (-2.06%)

14:58
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Sierra Wireless (SWIR)…

SWIR

Sierra Wireless

$27.80

1.575 (6.01%)

VLKAY

Volkswagen

$30.87

-0.65 (-2.06%)

03/08/13
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PGNX

Progenics

$10.62

0.08 (0.76%)

, CLMS

Calamos

$8.24

-0.03 (-0.36%)

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Progenics to replace Calamos in S&P 600 as of 2/20 close »

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PGNX

Progenics

$10.62

0.08 (0.76%)

CLMS

Calamos

$8.24

-0.03 (-0.36%)

03/08/13
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  • 21

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  • 01

    Mar

SFLY

Shutterfly

$48.06

0.66 (1.39%)

, VASC

Vascular Solutions

14:55
02/20/17
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Shutterfly to replace Vascular Solutions in S&P 600 as of 2/20 close »

S&P MidCap 400…

SFLY

Shutterfly

$48.06

0.66 (1.39%)

VASC

Vascular Solutions

TFX

Teleflex

$179.91

1.86 (1.04%)

03/08/13
Wedge Partners
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  • 23

    Feb

NKTR

Nektar

$13.10

0.12 (0.92%)

, BMY

Bristol-Myers

$54.59

0.31 (0.57%)

14:48
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Nektar reports Phase 1 data on NKTR-214 in kidney cancer »

Nektar Therapeutics…

NKTR

Nektar

$13.10

0.12 (0.92%)

BMY

Bristol-Myers

$54.59

0.31 (0.57%)

03/08/13
Wedge Partners
03/08/13
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  • 21

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  • 01

    Apr

XNCR

Xencor

$24.28

0.5 (2.10%)

14:38
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Xencor announces data presentation on XmAb5871 »

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  • 21

    Mar

RHHBY

Roche

$30.53

0.02 (0.07%)

14:35
02/20/17
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Genentech reports Phase 2 data on Tecentriq combo in kidney cancer »

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  • 21

    Feb

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  • 09

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    Jun

RVSB

Riverview Bancorp

$7.50

-0.11 (-1.45%)

14:30
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Breaking Hot Stocks news story on Riverview Bancorp »

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OCN

Ocwen

$5.24

0.09 (1.75%)

14:27
02/20/17
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14:27
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Ocwen reaches settlement, termination of California consent order »

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03/08/13
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  • 22

    Feb

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