General Electric (NYSE:GE) Releases New Spinout From GE Global Research Center- Clean Energy Fuels (NASDAQ:CLNE)

General Electric Company (NYSE:GE) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.19% to close at $31.17 with the total traded volume of 17.56 Million shares. GE Ventures released Menlo Micro, a new spinout from GE’s Global Research Center, which has re-invented one of the most fundamental building blocks of electronic systems, the electronic switch.

The company’s disruptive Digital-Micro-Switch platform is strongly positioned to enable end products serving multiple industry verticals – including ’s mobile communications networks to future next generation 5G mobile networks and industrial IoT markets. Menlo Micro is also backed by strategic investments from semiconductor solutions provider – Microsemi Corporation (MSCC), materials science powerhouse – Corning, as well as Paladin Capital Group, who combined with GE Ventures, are investing $18.7 million in Menlo Micro. The firm has institutional ownership of 54.90%, while insider ownership included 0.05%. Its price to sales ratio ended at 2.40. GE attains analyst recommendation of 2.20 with week performance of 0.39%.

Clean Energy Fuels Corp. (NASDAQ:CLNE) [Trend Analysis] surged reacts as active mover, shares a gain 1.73% to traded at $3.53 and the percentage gap between open changing to regular change was 2.88%. Clean Energy Fuels Corp. (CLNE) released that it has been awarded two new fueling station construction projects, and that its Facility Modification Services (FMS) division continues to grow with multiple projects underway, including three for Cummins Inc.’s Sales and Service business.

Burrtec Waste Industries, one of the largest private solid-waste companies in California, has contracted with Clean Energy to build a compressed natural gas (CNG) fueling stationin Coachella, California. The station is expected to fuel 50 CNG refuse trucks and dispense approximately 520,000 gasoline gallon equivalents (GGEs) per year. Burrtec also awarded Clean Energy a 10-year operations and maintenance contract for the station. The firm’s current ratio calculated as 3 for the most recent quarter. The firm past twelve months price to sales ratio was 1.17 and price to cash ratio remained 4.12. As far as the returns are concern, the return on equity was recorded as -15.90% and return on investment was -5% while its return on asset stayed at -6%. The firm has total debt to equity ratio measured as 0.80.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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