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.