General Electric Company
) debuted in Estonia when it officially launched the Paldiski
Wind Farm on the Pakri peninsula in northwestern region of the
country. The onshore wind farm features 18 General Electric
2.5-100 wind turbines in one of Europe's most promising wind
sectors to generate considerable revenues for its Energy
With strong winds from the Baltic Sea, the Paldiski Wind Farm is
likely to contribute significantly to the overall energy supply
of the country. Estonia reportedly erected a record number of
wind turbines in 2012 with a combined capacity of 86 megawatts
(MW), bringing its tally to 269 MW.
General Electric has also inked a 10-year full service agreement
to facilitate successful operation and maintenance support. These
entail the company to monitor advanced anomaly detection and
provide unplanned maintenance with an availability guarantee.
General Electric is one of the largest and most diversified
technology and financial services corporations in the world. With
products and services ranging from aircraft engines, power
generation, water processing and security technology to medical
imaging, business and consumer financing, media content and
industrial products, the company serves over 100 million
Its segments include Power & Water, Oil & Gas, Energy
Management, Aviation, Healthcare, Transportation, Home &
Business Solutions, and GE Capital. The Energy Management segment
produces gas, steam and aero derivative turbines; generators;
combined cycle systems; and renewable energy solutions, as well
as provides water treatment services and equipment. This segment
also sells surface and sub-sea drilling and production systems,
floating production platform equipment, compressors, turbines,
turbo expanders, and high pressure reactors to oil and gas
General Electric currently has a Zacks Rank #3 (Hold). Other
companies in the industry that are worth mentioning include
Federal Signal Corp.
), both having a Zacks Rank #2 (Buy), and
Hutchison Whampoa Ltd
), having a Zacks Rank #1 (Strong Buy).
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