GE Wins Wind Services Contract - Analyst Blog

General Electric Company (GE) has won a 10-year contract with Spanish wind developer Cobra Energia to provide advanced services for 178 GE wind turbines installed at eight wind farms across Spain. These services include solutions for advanced unplanned maintenance, troubleshooting, upgrades and supply of parts.

Cobra Energia is a subsidiary of Spanish building company ACS and operates the largest wind farms in Spain.

In another development, GE Oil & Gas has bagged a contract worth more than $120 million to overhaul gas turbines located at four compression stations along the Trans Europa Naturgas Pipeline running across Germany from the Dutch to the Swiss border.

GE has one of the best infrastructure franchises worldwide with solid organic growth rates, exposure to favorable secular trends and a large installed base supporting a growing annuity-like services business. 

Infrastructure businesses from GE are helping build the energy, health, transportation and technology infrastructure of the new century. These businesses provide the products and services that help developing regions participate in the global economy, while also helping developed regions upgrade with cleaner, more efficient and better infrastructure technologies.

Financial business at GE offers an array of products and services aimed at enabling commercial businesses, consumers and markets worldwide to build a stronger, financially secure future.

The company has adopted strategic imperatives to strengthen its portfolio by building strong growth platforms and generating cash from low-return businesses. Its focus remains on accelerating organic growth and achieving technical and service excellence, while building enduring customer relationships around the world. 

GE has products and services ranging from aircraft engines, power generation, water processing, and security technology to medical imaging, business and consumer financing, media content and industrial products.

Since its incorporation in 1892, the company has developed or acquired new technologies and services that have broadened considerably the scope of its activities. United Technologies Corporation (UTX) is a major competitor.

We currently have an Outperform recommendation on General Electric.

 
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