Gen Electric (NYSE:GE)
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2 Months : From Apr 2019 to Jun 2019
--General Electric Co. (GE) was able to book more first-quarter orders for new gas-fired power plants than rivals Mitsubishi Hitachi Power Systems and Siemens AG (SIEGY), Reuters reports Tuesday.
--GE booked six orders for its HA-class turbines, while Mitsubishi Hitachi booked five orders and Siemens got four, the report said.
--Gas turbine demand has fallen as more power is generated by wind, solar and other renewable methods, the report said.
Full story: https://www.reuters.com/article/us-ge-powerplants/ge-books-more-power-plant-orders-beats-mitsubishi-siemens-sources-idUSKCN1SK26T?il=0
--Write to Stephen Nakrosis at firstname.lastname@example.org
(END) Dow Jones Newswires
May 14, 2019 13:57 ET (17:57 GMT)
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