GE’s first earnings release after the American conglomerate last November announced it would combine and spin-off its Renewable Energy, Power, and Digital
Read How GE Renewable Energy is seeking to offset inflation in ‘worst-hit’ onshore wind business and other wind energy news & analysis on Windpower Monthly
GE ANNOUNCES EFFECTIVE DATE FOR REVERSE STOCK SPLIT ge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ge.com Daily Mail and Mail on Sunday newspapers.
General Electric (GE) Receives Multiple Contracts, Shares Rise Zacks.com 3 hrs ago
General Electric Company’s GE unit, GE Renewable Energy, yesterday announced that it received Cypress onshore wind turbines supply contract from BIM Wind JSC. The contract is the company’s largest deal in southeast Asia for Cypress turbines.
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On the same day, GE Power Conversion received a modernization contract for Bochum hot rolling mill owned by thyssenkrupp Steel.
In addition to the contracts, General Electric yesterday hinted that its cash generation in the second quarter of 2021 will be better than the year-ago quarter.
It is worth noting here that the company’s shares gained 7.09% yesterday, ending the trading session at $14.35.
GE Renewable Energy narrows losses in Q1 2021
The US giant’s clean energy division remained in the red in the first three months of the year, despite delivering more than 750 turbines in Q1
by Craig Richard
GE Renewable Energy s losses were $234 million in the first three months of the year, compare with a $327 million loss in the same period in 2020
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