General Electric Company (NYSE:GE) has received its largest renewable energy order to date in Thailand, which will contribute to the country’s goal to reach 40% of renewable energy in its energy mix by 2036.
Pete McCabe, President & CEO of GE’s Onshore Wind Business, said “Partnering with Wind Energy Holding and contributing to Thailand’s largest Onshore Wind Farm is a terrific win for the whole GE team. Our 3.0-137 wind turbines with its 156.5m tower is ideal for the very specific wind conditions in Central Thailand and has the potential to contribute to reaching grid parity for onshore wind in the country.”
Kovit Kantapasara, President & CEO of GE Thailand said, “This project is a great example of what is possible when we put the full power of GE to work in helping Thailand reach its renewable energy goals. By collaborating with experts across our wind and grid business, our consumer will be able to implement a solution that ensures full integration from the turbines all the way to the local utility.”
The firm has debt to equity ratio of 1.79 and similar long term debt to equity ratio was 1.42. GE shares price inched down -0.42% during latest trading session. The stock traded on impressive volume of 18.14 Million comparing to the average volume of 74604.58 shares, completing picture of exact trends with uncompleted dots in volume over the norm.
The volatility measures taking place as price volatility of stock was 1.68% for a week and 2.69% for a month. The traders appear at its historical volatility to assist determine the relative risk of a possible trade. The primary measure of volatility used by traders and analysts is standard deviation. This metric reflects the average amount a stock’s price has differed from the mean over a period of time. The firm is having analyst recommendation of 2.40 on scale of 1 to 5. Confine focus to firm performance, its weekly performance was 0.84% and monthly performance was -12.59%. The stock price of GE is moving down from its 20 days moving average with -1.00% and isolated negatively from 50 days moving average with -12.57%.
Investors are looking attentively on movement of stock as RSI reading reached at 32.15 because on this mostly stock considered as overbought or oversold. Taking current value along prior value is a smoothing technique similar to that used in calculating an exponential moving average. Also this means that RSI values turn into more accurate as the calculation period extends. And SharpCharts uses as a minimum 250 data points prior to the starting date of any chart (assuming that much data exists) at what time calculating its RSI values. To exactly replicate our RSI numbers, a formula will need at least 250 data points. As for a performance, the company’s showed are lagging behind trend of -43.79% since start of the year and revealed inched down activity of -25.72% for the past three months.
GE been riding up and down and making diverse level of tendency on its effort toward active momentum. Company has conspicuous measure of stock oscillations; average true range may be heating up this temperature with value of 0.42. ATR is an exponential moving average (consist of 14 trading days) of the True Ranges that is explaining range of a day’s trading is high-low. Most of traders have the same opinion that volatility shows clear cycles and relying on this belief, ATR can be used to set up entry signals. The ATR breakout systems are frequently used by short-term traders to time entries. Taking short look on returns of the firm, net profit margin recorded as 25.00% while operating profit margin was 6.80%, whereas price to sale ratio stands at 1.25 and it indicates how much investor paid for a share compared to the sales a company generated per share. A higher ratio means that the market is willing to pay for each dollar of annual sales. A higher P/S ratio means that the market is willing to pay for each dollar of annual sales and a better benchmark is to compare with industry average.
