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GE

General Electric

$19.02

-1.48 (-7.22%)

08:19
11/14/17
11/14
08:19
11/14/17
08:19

GE plans new wind farms in Finland, Sweden, Reuters reports

General Electric's power generation unit is planning to construct new wind farms in Finland and Sweden after the company announced a deal to build a 650MW wind farm in Sweden, Reuters reports, citing Markus Alholm, CEO of GE Power Finland. "We are very active in wind in the Nordic countries...We are planning new farms in Finland, about 80-100MW per farm. We are in discussions with several customers and partners," he said. Reference Link

  • 15

    Nov

GE General Electric
$19.02

-1.48 (-7.22%)

11/14/17
RBCM
11/14/17
DOWNGRADE
RBCM
Sector Perform
General Electric downgraded to Sector Perform from Outperform at RBC Capital
11/14/17
JPMS
11/14/17
NO CHANGE
Target $17
JPMS
Underweight
GE investor day reinforced JPMorgan's Tusa view of downside in shares
JPMorgan analyst C. Stephen Tusa believes the lowered numbers and validation of fundamental challenges discussed yesterday at General Electric's investor day reinforce his view of downside in the stock. The analyst views the $1.00 in earnings per share for 2018 as a "starting point," and says the "true high quality run rate here" is closer to free cash flow at around 75c per share. Dilution from asset sales, likely in the range of 10c, brings next year's earnings per share to a sustainable base of 65c, Tusa tells investors in a research note. On the dividend cut, the analyst believes it is fundable in the near term with debt and asset sales, though he cautions that a "downturn or spin/split would make for another chapter in this debate." Tusa keeps an Underweight rating on GE shares with a $17 price target. The stock closed yesterday down $1.47, or 7%, to $19.02.
11/14/17
RBCM
11/14/17
DOWNGRADE
Target $20
RBCM
Sector Perform
GE downgraded to Sector Perform at RBC Capital on protracted turnaround
As reported earlier, RBC Capital analyst Deane Dray downgraded General Electric to Sector Perform from Outperform and cut his price target to $20 from $25. Dray says that he now expects the turnaround at the company to be more protracted than previously anticipated, noting the roadmap laid out by new CEO John Flannery fell short of expectations regarding the scope of the business model/portfolio changes. The analyst says the investment community was especially disappointed by the scope of the "missteps and secular challenges", as well as the systemic cash flow shortfalls, in the Power segment, along with the disclosure that the company's dividend payout was above the scope of industrial cash flows for several years.
11/14/17
BOFA
11/14/17
NO CHANGE
Target $23
BOFA
Buy
BofA/Merrill sticking with a Buy on General Electric
BofA/Merrill analyst Andrew Obin said General Electric's dividend cut and lowered 2018 outlook are a "true reset" while the $6B pension refunding in 2018 through debt issuance should reduce some of the concerns about off-balance sheet liabilities. Obin said the company is focused on the core portfolio and is evaluating other options withing its portfolio, where there is significant optionality. The analyst did cut his estimates and reduced his price target on General Electric shares to $23 from $27 but is sticking with his Buy rating.

TODAY'S FREE FLY STORIES

XPO

XPO Logistics

$78.25

-0.65 (-0.82%)

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XPO Logistics call volume above normal and directionally bullish »

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BHVN

Biohaven Pharmaceutical

$32.50

-1.2 (-3.56%)

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Conference/Events
Biohaven Pharmaceutical management to meet with Morgan Stanley »

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EVFM

Evofem

$3.44

(0.00%)

11:25
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Evofem to hold a key opinion leader event »

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Conference/Events
Morgan Stanley healthcare analysts to hold a luncheon »

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SPLK

Splunk

$99.00

1.15 (1.18%)

, SAP

SAP

$104.09

0.23 (0.22%)

11:25
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Conference/Events
Wedbush enterprise software analyst to hold a luncheon »

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SPLK

Splunk

$99.00

1.15 (1.18%)

SAP

SAP

$104.09

0.23 (0.22%)

ORCL

Oracle

$49.62

0.78 (1.60%)

PANW

Palo Alto Networks

$171.57

-5.26 (-2.97%)

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11:25
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Conference/Events
RBC Capital software analysts to hold a group luncheon »

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LOXO

Loxo Oncology

$147.40

3.71 (2.58%)

11:25
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Conference/Events
Loxo Oncology management to meet with Morgan Stanley »

Group Luncheon Meeting…

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MO

Altria Group

$58.61

-0.48 (-0.81%)

, BTI

British American Tobacco

$35.55

-0.96 (-2.63%)

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Hot Stocks
CVS 'applauds' FDA announcement to restrict flavored tobacco products »

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MO

Altria Group

$58.61

-0.48 (-0.81%)

BTI

British American Tobacco

$35.55

-0.96 (-2.63%)

PM

Philip Morris

$85.26

-0.25 (-0.29%)

03/08/13
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11:20
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General news
Energy Action: NYMEX crude »

Energy Action: NYMEX…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
11/15/18
11/15
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11:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
11/15/18
11/15
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Technical Analysis
NYSE market internals summary »

Volume is average for…

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MYL

Mylan

$34.69

0.46 (1.34%)

, QRVO

Qorvo

$63.65

0.77 (1.22%)

11:15
11/15/18
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OnTheFly
Fly Intel: Today's top analyst calls on Wall Street »

Check out today's top…

MYL

Mylan

$34.69

0.46 (1.34%)

QRVO

Qorvo

$63.65

0.77 (1.22%)

LITE

Lumentum

$39.14

0.29 (0.75%)

AAPL

Apple

$188.37

1.56 (0.84%)

ATNX

Athenex

$10.80

0.52 (5.06%)

PCG

PG&E

$19.54

-6.12 (-23.85%)

HZNP

Horizon Pharma

$20.53

-0.7 (-3.30%)

PYPL

PayPal

$84.29

0.24 (0.29%)

WP

Worldpay

$82.00

-0.71 (-0.86%)

FDC

First Data

$18.00

0.17 (0.95%)

SQ

Square

$70.75

0.9 (1.29%)

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MTOR

Meritor

$15.36

-1.95 (-11.27%)

11:12
11/15/18
11/15
11:12
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11:12
Recommendations
Meritor analyst commentary  »

Meritor earnings report…

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AAPL

Apple

$188.71

1.9 (1.02%)

, LITE

Lumentum

$39.27

0.42 (1.08%)

11:12
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OnTheFly
Morgan Stanley says buy Apple on any weakness amid supply chain ‘noise’ »

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AAPL

Apple

$188.71

1.9 (1.02%)

LITE

Lumentum

$39.27

0.42 (1.08%)

QRVO

Qorvo

$63.84

0.96 (1.53%)

GLW

Corning

$31.59

0.18 (0.57%)

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  • 26

    Nov

KBH

KB Home

$17.07

-3.73 (-17.93%)

11:10
11/15/18
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11/15/18
11:10
Options
KB Home puts lead calls 4:1 and implied volatility spikes to 52-week highs »

KB Home puts lead calls…

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11:01
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General news
Crude inventories for week of November 9 »

Crude oil inventories…

AUY

Yamana Gold

$2.14

0.015 (0.71%)

11:00
11/15/18
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Options
Volatility play in Yamana Gold »

Volatility play in Yamana…

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AWI

Armstrong World

$64.99

-1.01 (-1.53%)

10:55
11/15/18
11/15
10:55
11/15/18
10:55
Conference/Events
Armstrong World to hold a conference call »

Conference call to…

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CLSN

Celsion

$1.99

-0.08 (-3.86%)

10:55
11/15/18
11/15
10:55
11/15/18
10:55
Conference/Events
Celsion to hold a conference call »

Conference Call to…

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  • 15

    Nov

FOXA

21st Century Fox

$47.66

-0.27 (-0.56%)

10:52
11/15/18
11/15
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11/15/18
10:52
Hot Stocks
FOX Sports, Major League Baseball reach new multi-year agreement »

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M

Macy's

$31.89

-1.32 (-3.97%)

10:50
11/15/18
11/15
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10:50
Options
Second day of big option prints in Macy's »

Second day of big option…

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WMT

Walmart

$99.47

-2.11 (-2.08%)

10:49
11/15/18
11/15
10:49
11/15/18
10:49
Periodicals
Sanders bill would prevent stock buybacks unless companies pay $15/hr, CNBC says »

Senator Bernie Sanders is…

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  • 15

    Nov

GPRE

Green Plains

$16.94

-0.23 (-1.34%)

, GPP

Green Plains Partners

$14.68

(0.00%)

10:46
11/15/18
11/15
10:46
11/15/18
10:46
Hot Stocks
Green Plains announces permanent closure of Hopewell, VA ethanol facility »

Green Plains (GPRE)…

GPRE

Green Plains

$16.94

-0.23 (-1.34%)

GPP

Green Plains Partners

$14.68

(0.00%)

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10:45
11/15/18
11/15
10:45
11/15/18
10:45
General news
Breaking General news story  »

Federal Reserve Chairman…

10:45
11/15/18
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General news
Breaking General news story  »

6-Month Bill Announcement…

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