September 17, 2019
  • September 17, 2019
Breaking News
  • Home
  • Markets
  • General Electric Company (NYSE:GE) plans to demolish California natural gas-fired power plant

General Electric Company (NYSE:GE) plans to demolish California natural gas-fired power plant

By on June 25, 2019 0

General Electric Company (NYSE:GE) plans to demolish a California natural gas-fired power plant it owns this year, after only one-third of its useful life, because the facility is no longer economically viable, Kallanish Energy learns. The 750-megawatt Inland Empire Energy Center (Ieec) uses two GE H-Class turbines. The closure illustrates the problems GE has experienced with its H-Class turbine. The steam-cooled H design takes hours to start, suffered technical problems and sold poorly, experts told Reuters. In a filing with the California Energy Commission, GE said the plant is “not designed for the needs of the evolving California market, which requires fast-start capabilities to satisfy peak demand periods (and to assist the burgeoning wind and solar power industries),” Reuters reported.

General Electric Company (NYSE:GE), a Industrial Goods sector firm, traded 36.37 Million shares in last trading session with closing price of $10.28 per share. Company gross margin stands at 22.70% whereas its return on investment (ROI) is -11.80%. Stock value has moved between $6.39 – 13.89 in last one year. Analyst’s mean target price for General Electric Company (NYSE:GE) is $12.76 while analysts mean recommendation is 2.50. GE EPS growth this year is -406.70%. 

On last trading day, Social Capital Hedosophia Holdings Corp. (NYSE:IPOA) shares closed at $10.39 per share. IPOA market capitalization is 891.88. Its weekly performance is 0.48% while year to date (YTD) performance is 3.90%. 

In last session Brightcove Inc. (NASDAQ:BCOV) traded 116939 shares and was closed at $10.45. Analyst’s mean target price for BCOV is $13.25 while analysts mean recommendation is 1.50. Company is -2.25% away from its 52 week high and is moving 51.89% ahead of its 52 week low. BCOV Gross Margin is 60.00% and its return on assets is -12.10%. Brightcove Inc. (NASDAQ:BCOV) quarterly performance is 27.44% while its price to sale ratio is 2.38. 

Canada Goose Holdings Inc. (NYSE:GOOS), a Consumer Goods sector firm, traded 713156 shares on last trading day with closing price of $37.07 per share. Stock value has moved between $31.68 – 72.69 in last one year. Analyst’s mean target price for Canada Goose Holdings Inc. (NYSE:GOOS) is $32.90 while analysts mean recommendation is 1.70. 

Leave a comment