General Electric Company’s (NYSE:GE) struggling Power and Water business, which deals in gas, solar and wind energy, has redoubled research efforts on efficient power distribution. “We’re starting to open our kimono a bit more around our efforts on distributed power and driving more efficient, cost-effective power generation at smaller scales,” said Kelly Fletcher, GE’s business program manager for energy, to IBTimes in an interview. General Electric Company (NYSE:GE) stock opened at $25.21 in last trading session, and closed at $25.12, trading in the range of $24.92 – $25.21. The stock showed a negative weekly performance of -0.67%.
TheStreet reiterated their buy rating on shares of Caterpillar (NYSE:CAT) in a research report released on Wednesday morning, American Banking News reports. Caterpillar Inc. (NYSE:CAT) shares closed at $96.31 on last trade day, by losing -0.68%. Stock 52 week range is $79.49 – $98.24. Company’s market capitalization is $61.43 billion.
3M Co (NYSE:MMM) has invested in MSi Lighting of Boca Raton, Florida, a company that 3M has been working with for the past year on a line of LED lights for multiple applications. Terms of the transaction were not disclosed. 3M Co (NYSE:MMM) stock decreased -1.87% and finished the last session at $132.21. The EPS of the stock remained 6.72. Company’s market capitalization is $87.61 billion.
Honeywell International (NYSE:HON) was upgraded by equities researchers at Thomson Reuters/Verus from a “hold” rating to a “buy” rating in a research report issued on Monday, American Banking News reports. Honeywell International Inc. (NYSE:HON) stock opened at $92.71 in last trading session and closed at $93.59. The 52 week range of the stock is $68.90 – $95.21 and the day range was $92.57 – $94.07.
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