How General Electric gambled on fossil fuel power, and lost

How General Electric Gambled on Fossil Fuel Power, and

Rather than rising, GE Power’s profit fell 45 percent last year, forcing GE to slash its overall profit outlook and cut its dividend for only the second time since the Great Depression.

How General Electric gambled on fossil fuel power, and lost

Feb 23, 2018 · NEW YORK (Reuters) – Last March, executives at General Electric Co’s power-plant business gave Wall Street a surprisingly bullish forecast for the year.

How General Electric gambled on fossil fuel power, and

GE doubled down on fossil fuel in 2015 with the $10.3 billion purchase of French group Alstom’s power business. The deal expanded GE’s exposure to gas, coal and nuclear power just as solar costs fell below those of gas-powered plants, according to Lazard.

How General Electric gambled on fossil fuel power, and lost

Still, GE downplays the threat to its bulked up fossil fuel product line. Despite rapid growth of wind and solar, it says, two-thirds of power generation will come from gas, coal …

How General Electric gambled on fossil fuel power, and lost

How General Electric gambled on fossil fuel power, and lost Showing data from financial firm Lazard and other sources, their presentation said natural gas, coal and even some nuclear power plants were the lowest-cost producers of electricity on the planet, cheaper than wind or solar.

How General Electric gambled on fossil fuel power, and lost

GE doubled down on fossil fuel in 2015 with the $10.3 billion purchase of French group Alstom’s power business. The deal expanded GE’s exposure to gas, coal and nuclear power just as solar costs fell below those of gas-powered plants, according to Lazard.

How General Electric gambled on fossil fuel power, and lost

GE doubled down on fossil fuel in 2015 with the $10.3 billion purchase of French group Alstom’s power business. The deal expanded GE’s exposure to gas, coal and nuclear power just as solar costs fell below those of gas-powered plants, according to Lazard.

How General Electric Co gambled on fossil fuel power and lost

Still, GE downplays the threat to its bulked up fossil fuel product line. Despite rapid growth of wind and solar, it says, two-thirds of power generation will come from gas, coal and nuclear

RPT-FOCUS-How General Electric Gambled on Fossil Fuel

Last March, executives at General Electric’s power-plant business gave Wall Street a surprisingly bullish forecast for the year. Despite flat demand for new natural gas power plants, they said, GE Power’s revenue and profit would rise. Showing data from financial firm Lazard and other sources, their

How General Electric gambled on fossil fuel power, and lost

NEW YORK (Reuters) – Last March, executives at General Electric (NYSE: GE) Co’s power-plant business gave Wall Street a surprisingly bullish forecast for the year.

Focus: How General Electric gambled on fossil fuel power

NEW YORK (Reuters) – Last March, executives at General Electric Co’s (GE.N) power-plant business gave Wall Street a surprisingly bullish forecast for the year. Despite flat demand for new

How General Electric gambled on fossil fuel power, and lost

GE doubled down on fossil fuel in 2015 with the $10.3 billion purchase of French group Alstom’s power business. The deal expanded GE’s exposure to gas, coal and nuclear power just as solar costs fell below those of gas-powered plants, according to Lazard.

How General Electric gambled on fossil fuel power, and lost

By Alwyn Scott NEW YORK (Reuters) – Last March, executives at General Electric Co’s power-plant business gave Wall Street a surprisingly bullish forecast for the year. Despite flat How General Electric gambled on fossil fuel power, and lost

How General Electric Gambled On Fossil Fuel Power

How General Electric Gambled On Fossil Fuel Power written by Olatorera.com Admin February 23, 2018 Last March, executives at General Electric Co’s power-plant business gave Wall Street a surprisingly bullish forecast for the year.