General Electric (NYSE:GE) Would Sell Its $3 Billion Industrial Solutions Business- Ideal Power (IPWR)

General Electric Company (NYSE:GE) [Trend Analysis] luring active investment momentum, shares an advance 0.54% to $31.67. General Electric Co (GE) reported on Wednesday that it would sell its $3 billion industrial solutions business, which makes electrical equipment, as part of a push to focus on its core businesses.

The industrial conglomerate expects to raise about $4 billion from the sale of the unit as well as the previously reported sale of its water business, GE said in an investor presentation. The industrial solutions business has about 13,000 employees and 30 plants globally. The total volume of 3.53 Million shares held in the session was surprisingly higher than its average volume of 32659.76 shares.

EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -85.20%, and looking further price to next year’s EPS is 11.86%. While take a short look on price to sales ratio, that was 2.43 and price to earning ratio of 31.98 attracting passive investors.

Several matter pinch shares of Ideal Power Inc. (NASDAQ:IPWR) [Trend Analysis], as shares plunging -1.10% to $3.60 with a share volume of 3057. Ideal Power Inc., (NASDAQ: IPWR) revealed that NEXTracker will be selling its SunDial solar PV plus storage string inverter as part of their newly launched solar plus storage tracker. NEXTracker’s “NX Fusion Plus” will integrate the SunDial™ together with NEXTracker’s best-in-class solar tracker, a battery pack, and software to deliver maximum return on investment to solar power plants.

“We are honored to have been approached by NEXTracker to supply our new SunDial™ Plus multi-port solar plus storage inverter. The SunDial™ Plus will give them a strong competitive advantage as no other company in the tracker space is offering a complete solution with integrated inverter and energy storage recently,” said Dan Brdar, CEO of Ideal Power.

“We also believe this contract with NEXTracker will solidify SunDial’s presence in the solar plus storage market that continues to show sizeable potential for growth.” The stock is going forward its 52-week low with 1.95% and moving down from its 52-week high price with -57.40%. To have technical analysis views, liquidity ratio of a company was calculated 5.10 as evaluated with its debt to equity ratio of 0.00. The float short ratio was 2.63%, as compared to sentiment indicator; Short Ratio was 9.00.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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