|Bid||21.40 x 24300|
|Ask||21.90 x 344000|
|Day's Range||30.48 - 30.93|
|52 Week Range||20.66 - 32.13|
|PE Ratio (TTM)||23.70|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
How the industrial giant can turn its stock performance around in 2017.
General Electric has won a large contract to supply gas power equipment for a new 430 megawatt Romanian power plant, the first major deal in the region to result from its $10.6 billion 2015 acquisition of Alstom's power business. GE will supply all the core technology for the 268 million- euro ($299 million) combined-cycle plant being built in Iernut by Duro Felguera and Romelectro for state gas producer Romgaz. Before the Alstom acquisition, GE would have simply supplied the gas turbines and walked away.
General Electric Co's incoming chief executive said he will conduct a swift review of the conglomerate's business portfolio with "no constraint," but signaled no major changes as the company sticks with its strategy of selling software-related services across its many divisions. The maker of jet engines, power plants, medical scanners and railroad locomotives on Monday named veteran insider John Flannery as its next CEO, taking over from longtime leader Jeff Immelt, who reshaped one of corporate America's icons to focus more on technology but failed to deliver profit growth fast enough for some investors. "I'm going to do a fast but deliberate, methodical review of the whole company," Flannery told Reuters in an interview.