GE’s Gas Turbines Will Help Power the Sochi Olympics and 2 Other Dow Movers to Watch
General Electric Co. (NYSE:GE): Current price $27
GE announced Monday that its two advanced-tech aeroderivative gas turbines that will help power the Krasnodar region and also during the peak loads caused by the 2014 Winter Olympic Games in Sochi, entered commercial operation on November 5. The units are located at Inter RAO’s Dzhubginskaya thermal power plant, which boasts the highest efficiency simple-cycle gas turbine available with modular design, advanced protection from natural disasters, and the most current environmental technologies. This power plant forms an important component of the local energy system, supporting uninterrupted flow of electricity between 110- and 220-kV grids to ensure reliable power supply to all regional customers.
Wal-Mart Stores Inc. (NYSE:WMT): Current price $78.85
On Monday, in observance of Veterans Day, Wal-Mart reported significant progress in its support for veterans and military families. The retailer said that it has hired over 20,000 veterans since the intro of its Welcome Home Commitment on Memorial Day. It also launched its holiday giving with a $2 million donation to Operation Homefront and Fisher House to give toys, meals, and lodging to military families in greatest need of support this year. The holiday donation is in addition to the pledge by the Wal-Mart Foundation to give $20 million through 2015 to assist veterans and their families in preparing for successful civilian lives via job training, transition support and education.
The Boeing Co. (NYSE:BA): Current price $132.81
Boeing and its partner RER Hydro of Montreal have reached a multiyear agreement with the government of Quebec through which to supply 40 hydrokinetic turbines that will generate approximately 9 megawatts of renewable power. In 2012, Boeing and RER signed an agreement allowing Boeing exclusive rights to market and sell the turbines, and the new agreement represents the first commercial sale of the tech.