GE Ohio facility. Source: Barron’s General Electric (GE) reported Q4 revenue of $26.24 billion and non-GAAP EPS of $0.21 and GAAP EPS of $0.07. The company beat on revenue and non-GAAP EPS. The stock is up 6% post-earnings. I had the following takeaways on the quarter. NewCo Gains Traction OverRead More →
Investment Thesis Much has been written about General Electric (GE) during the past few years. Hardly a day goes by when an article about GE is published on Seeking Alpha. I have previously written four. Articles have ranged from bullish to bearish. They have discussed GE’s large debt and assetRead More →
Amazon.com, AT&T Inc., DHL Express USA Inc. and other select companies with major delivery fleets and their accompanying heavy carbon footprints are banding together for an electric-vehicle collaboration expected to keep up the pressure on the EV industry and the corporations that dominate American roads. The group comes together underRead More →
By Paul Lienert (Reuters) – Korea’s Hyundai Group is backing a UK electric vehicle startup that plans to begin selling battery-powered delivery vans in 2021, the companies said on Thursday. Hyundai Motor Co (KS:) and sister firm Kia Motors Corp (KS:) are making the investment of 100 million euros ($110Read More →
(Bloomberg) — Some of China’s wealthiest tycoons steered billions of dollars into electric-car companies in order to fuel the country’s dreams of becoming a leader in the field. Now a reckoning may be looming as car sales slow and the government reduces subsidies for the nascent industry. That leaves theRead More →
Tesla Inc. late Thursday revealed its long-awaited all-electric “Cybertruck,” boasting a starting price tag under $40,000. Chief Executive Elon Musk unveiled the vehicle, which has the angles of a stealth bomber, to an enthusiastic crowd of fans at Tesla’s facility in Hawthorne, Calif., in a presentation complete with lasers, smokeRead More →
© Reuters. Automobile awards The golden steering wheel in Berlin By Naomi Tajitsu and Peter Henderson (Reuters) – Tesla Inc (O:) on Thursday unveiled its first electric pickup truck that looked like a futuristic angular armored vehicle in gunmetal gray, as the California company took aim at the heart ofRead More →
© Reuters. FILE PHOTO: General Motors Chief Executive Officer Mary Barra announces a major investment focused on the development of GM future technologies at the GM Orion Assembly Plant in Lake Orion, DETROIT (Reuters) – General Motors Co’s (N:) first electric pickup truck model will go on sale in theRead More →
By Islandboy The EIA released the latest edition of their Electric Power Monthly on October 24th, with data for August 2019. The table above shows the percentage contribution of the main fuel sources to two decimal places for the last two months and the year 2019 to date. The tableRead More →
Not all is good in EV Land. Nio, a Chinese electric-car manufacturer vying to become the next Tesla TSLA, -0.51%, has fallen on hard times. A perfect storm of reduced government subsidies, uncertainty brought on by the trade war with the U.S., as well as generally lower demand in ChinaRead More →
Utility companies reliant on coal-fired power plants may be starting to get a cold shoulder from corporate debt investors as the risks around rapid climate change come to the fore. If attitudes against coal energy shift in Washington D.C., the worry is electricity providers may suffer unanticipated write-downs if forcedRead More →
NEW YORK (Reuters) – General Electric Co (N:) is not planning for the Boeing Co (N:) 737 MAX jetliner to return to service this year, GE Chief Executive Officer Larry Culp said during an earnings phone conference on Wednesday. Boeing has said it expects the jet to clear approval byRead More →
© Reuters. A Hummer vehicle sits in the parking lot of a dealership in Scottsdale, Arizona By Ben Klayman and Paul Lienert WASHINGTON/DETROIT (Reuters) – General Motors Co (N:) plans to build a new family of premium electric pickup trucks and sport-utility vehicles at its Detroit-Hamtramck plant beginning in lateRead More →
Elevator Pitch Korea Electric Power Corporation (KEP) [015760:KS], or KEPCO, currently trades at 0.23 times P/B, representing a new seven-year historical low P/B. In the past 15 years, KEPCO has only traded below 0.3 times P/B in the 2011-2012 period. This is not unreasonable, considering that KEPCO had become loss-makingRead More →
FRANKFURT (Reuters) – Porsche is making a leather-free version of its new Taycan electric sports car in the latest attempt by a German automaker to play up green credentials as environmental activists lobby for a boycott of the industry. Last month, a climate activist group smashed up 40 luxury vehiclesRead More →
The Lotus Evija, meaning “the living one” or “the first in existence,” is one of the most beautiful cars I’ve ever seen. It’s the first British hypercar and the first electric vehicle (EV) built by Lotus of Hethel, England. Evija, pronounced “eh-vai-jah,” is unlike any other car. Its curves andRead More →
© Reuters. FILE PHOTO: The General Electric Co. logo is seen on the company’s corporate headquarters building in Boston By Alwyn Scott NEW YORK (Reuters) – A federal judge in Manhattan on Thursday partially dismissed a lawsuit by investors in General Electric (NYSE:) Co that accused the company of concealingRead More →
By Alwyn Scott NEW YORK (Reuters) – General Electric (NYSE:) Co reinforced its defense of its accounting practices on Monday after investors asked more questions about an unusual research report last week that accused the jet engine and power plant maker of financial fraud. The 175-page report https://www.gefraud.com, published onRead More →
© Reuters. FILE PHOTO: A Tesla car is seen in Santa Monica MOSCOW (Reuters) – A Tesla electric car caught fire after crashing into a tow truck on a Moscow motorway late on Saturday. Footage of the incident on state TV channel Rossiya 24 showed the car by the sideRead More →
© Reuters. General Electric Falls 3% Investing.com – General Electric (NYSE:) fell by 3.21% to trade at $9.19 by 09:44 (13:44 GMT) on Friday on the NYSE exchange. The volume of General Electric shares traded since the start of the session was 7.70M. General Electric has traded in a rangeRead More →
Source: Financial Times General Electric (GE) shocked the market after its $21 billion sale of GE Biopharma to Danaher (DHR). The deal was shocking for its sheer size. I also assumed that after Baker Hughes (BHGE) and Transportation there were few assets the company had left to sell. I questionedRead More →
© Reuters. FILE PHOTO: A traffic light is seen in front of a logo of General Electric at the company’s plant in Birr By Alwyn Scott NEW YORK (Reuters) – General Electric (NYSE:) Co said on Friday it plans to demolish a large power plant it owns in California afterRead More →
© Reuters. FILE PHOTO: The logo of US conglomerate General Electric is pictured at the company’s site of its energy branch in Belfort NEW YORK (Reuters) – General Electric (NYSE:) Co is getting more “candor” from managers of its businesses by spending days – rather than hours as it previouslyRead More →
© Reuters. A worker arrives at Jaguar Land Rover’s Halewood Plant in Liverpool FRANKFURT (Reuters) – BMW and Jaguar Land Rover on Wednesday said they will jointly develop electric motors, transmissions and power electronics, unveiling yet another industry alliance designed to lower the costs of developing electric cars. Both carmakersRead More →
The injection season is in full swing. June contract expired last week and July contract is now the prompt month contract. It is down more than 17% y-o-y and is fundamentally undervalued. However, the whole energy complex that has been under bearish pressure lately – partly driven by a classicalRead More →
